(NewsNation) — Freddie Smith gets a lot of questions from, and has a lot of answers for, people seeking help with their money. About one million people follow him on X, Instagram and TikTok. And he sums up Americans’ attitudes about the economy this way:
“We’re living in two separate economies,” he told NewsNation’s “On Balance.” He says the thing that most separates those economies is age.
“People under 40 are really feeling the stress of the economy, saying it’s not good because housing is up, college is up, day care is through the roof. But I think (for) people over 60 who sit back and say, ‘My 401(k)’s looking good, my house went up 40%,’ the economy’s doing well.”
US employers added a robust 272,000 jobs in May
And it’s the exploding cost of owning a home in the past three years that has really fueled that feeling of…