Top 10% of Earners Drive a Growing Share of US Consumer Spending
www.bloomberg.com
Wealthy consumers continue to account for a growing share of US consumer spending, highlighting the lopsided strength of the economy as a slowdown in hiring and wariness among other income cohorts raise fears of a slowdown.
  • BodyBySisyphus [he/him]@hexbear.netEnglish
    17·
    3 days ago

    Lest you be tempted to think that the top 10% goes that far, according to Census Bureau statistics, 14% of households made more than $200k last year.