• Lower-income Americans are already in a recession, according to JPMorgan’s Matthew Boss.
  • The analyst said the US was in a “selective” recession as some consumers .
  • 67% of middle-class Americans said they believed their income wasn’t keeping up with the cost of living. 
  • The US economy is in a “selective recession,” as lower-income Americans are struggling to get by while upper-income consumers are doing just fine, according to JPMorgan analyst Matthew Boss.