The top 10% of earners account for 49.7% of all spending.
The top 10% of earners—households making about $250,000 a year or more—are splurging on everything from vacations to designer handbags, buoyed by big gains in stocks, real estate and other assets.
They’re just planning to float on the profits from other wealthy people, they don’t actually give a damn about the bottom 90% as long as they can make profits from the top 10%.
Haven’t you noticed more and more businesses cater almost exclusively to the wealthy and that “economy” options for things like phones, computers, and cars have almost completely disappeared or in the case of phones and computers have been so stuffed with adware and bloatware as to be comically unusable?
https://www.wsj.com/economy/consumers/us-economy-strength-rich-spending-2c34a571
They’re just planning to float on the profits from other wealthy people, they don’t actually give a damn about the bottom 90% as long as they can make profits from the top 10%.
Haven’t you noticed more and more businesses cater almost exclusively to the wealthy and that “economy” options for things like phones, computers, and cars have almost completely disappeared or in the case of phones and computers have been so stuffed with adware and bloatware as to be comically unusable?