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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/us_news@lemmygrad.ml
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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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[–] 3 points 1 year ago (1 child)

this makes me worry because this could easily be used as justification that we don't "need" the bottom 60% of consumers to keep our consumption based economy functioning. We can just have the rich consume more.

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