The University of Michigan is one of our nation’s most well-respected universities. In the world of business and economics, it’s well known for its Michigan Consumer Sentiment Index, a monthly survey of public attitudes about the economy and their personal finances.

The surveys indicate that, in recent months, more and more people are feeling less confident about their own financial situation. Drill a little deeper and you see that many households with larger stock portfolios still do have confidence in the economy.

Conversely, the confidence of households with little or no stocks is declining.

This divergence in attitudes falls in line with another piece of financial data I recently came across in a business report from Yahoo Finance. It indicated that, in the second quarter of this ye

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