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The richest 10% of Americans now account for 50% of the country’s consumer spending while the bottom 60% account for just 20%. (lemmygrad.ml)
submitted 1 year ago by to c/news@hexbear.net
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https://www.bloomberg.com/news/articles/2025-02-28/wealthy-americans-fuel-half-of-us-economy-consumer-spending (https://archive.ph/bdJ04)

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[–] 15 points 1 year ago*

For an economy focused on consumption/spending this is the end of the line (end of growth).
(This isn't bad for the people, it's "bad for the economy" if "the economy" is measured by GDP & stock markets.)

They sucked what juices the lower class had left, then middle class, now (lower) upper class is failing too.

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