@jeanmarie30.bsky.social
Reposted
Many Americans are pinching pennies, exhausted by high prices and stubborn inflation. The well-off are spending with abandon.
The top 10% of earners in the U.S. now account for 49.7% of all spending.
The top 10% of earners in the U.S. now account for 49.7% of all spending.
The U.S. Economy Depends More Than Ever on Rich People
The highest-earning 10% of Americans account for almost 50% of all consumer spending.
www.wsj.com
February 24, 2025 at 2:41 PM
Many Americans are pinching pennies, exhausted by high prices and stubborn inflation. The well-off are spending with abandon.
The top 10% of earners in the U.S. now account for 49.7% of all spending.
The top 10% of earners in the U.S. now account for 49.7% of all spending.