3 ms·
The title uses the stock stat because it's so unbalanced. But to me the scariest statistic is the other one mentioned in the article: "the top 10% also accounts
by gniv 2y ago
The title uses the stock stat because it's so unbalanced. But to me the scariest statistic is the other one mentioned in the article: "the top 10% also accounts for 50% of all consumer spending". This seems extremely fragile. Small changes in the behavior of the well-off can have big negative consequences for the entire country.
- WastedCucumber 2y agoAnd of all the metrics, spending has increased the most in the examined time period. Up from 36% in 1989.
- jasdi 2y agoAlso when scaling tech/platforms this is a big factor in how many people can actually pay. Every scaled up platforms then gets trapped into collecting/selling personal data and flooding the field with Ads (and obviously in these ad auctions the 10% can outbid the majority so Ad prices keep rising).