Affluent Americans are reaping the rewards of soaring prices for stocks and houses. Lower-income Americans are falling behind on their credit card bills, being pinched by high rents and interest rates and not seeing their pay rise as quickly as it did a couple of years ago. Why it matters: The economic strains experienced by low-income households help explain negative sentiment about the economy — and President Biden's weakness in major polls. • The dynamic is also capturing the attention of Federal Reserve officials, who see it as a risk to the overall economy. The intrigue: At the Fed's last policy meeting, ... (full story)