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Rising Financial Stress Signals Economic Worries for Middle Class

2/14/2026

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Summary

Story summary

In February 2026, experts warned rising financial stress among middle-income Americans signals concerns about the U.S. economy.
Spending growth slowed for lower- and middle-income households, widening the K-shaped divergence.
Bank of America data show spending growth for lower-income households dropped to 0.3% in February 2026.
Many consumers are buying cheaper goods and dining out less.
Tax refunds may temporarily boost spending.

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Story summary

In February 2026, experts warned rising financial stress among middle-income Americans signals concerns about the U.S. economy.
Spending growth slowed for lower- and middle-income households, widening the K-shaped divergence.
Bank of America data show spending growth for lower-income households dropped to 0.3% in February 2026.
Many consumers are buying cheaper goods and dining out less.
Tax refunds may temporarily boost spending.