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The top 10% of households already account for more than half of consumer spending in the US
by wing-_-nuts 11mo ago
The top 10% of households already account for more than half of consumer spending in the US
- akavi 11mo agoHmmm, that doesn't seem right. I'm having a hard time finding an actual consumption number, but I am confident it's well below 50%. The top 10% of households by wage income do receive ~50% of pre-tax wage income, but: 1) our tax system is progressive, so actual net income share is less 2) there's significant post-wage redistribution (social security/medicaid) 3) that high income households consume a smaller percent of their net income is a well established fact.
- wing-_-nuts 11mo agohttps://www.marketplace.org/story/2025/09/17/top-10-of-earners-make-up-half-of-us-retail-spending https://www.marketplace.org/story/2025/09/17/top-10-of-earne...