The most affluent consumers account for a bigger share of total US spending, reinforcing the lopsided dynamic of unbothered consumption for the wealthy and more cautious shopping for everyone else.
The most affluent consumers account for a bigger share of total US spending, reinforcing the lopsided dynamic of unbothered consumption for the wealthy and more cautious shopping for everyone else.
I wonder if this chart has anything to do with it.
And if the point isn’t immediately obvious, there’s an easy to miss little yellow line at the bottom of the chart that represents the combined wealth of half the US population.
Good thing we’re burning down fundamental government services, destroying our future and adding trillions to the national debt to fund tax cuts for those one percenters, huh
We’re already speeding towards the cliff with our eyes closed, they might as well light the car on fire.
It’s going to trickle down!