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"consumer spending growth from the top 10% is enough to offset loses in the bottom 90%" Bold prediction - let's check back in a year or two!
by melbourne_mat 6y ago
"consumer spending growth from the top 10% is enough to offset loses in the bottom 90%"
Bold prediction - let's check back in a year or two!
- newshorts 6y agoIt’s also Apples to oranges. Consumers in the top 10% don’t buy the same kinds of thing the bottom 90% do.
- tcbawo 6y agoConsumers in the top 10% don't buy nearly as many things, at least not enough to float large multinationals. If there are big multinationals that could, it's likely that their customers can't!