3 ms·
This is effectively happening, not in the way you frame it, but companies has effectively moved to rely solely on the rich: > The top 10% of American household
by Y-bar 6mo ago
This is effectively happening, not in the way you frame it, but companies has effectively moved to rely solely on the rich:
> The top 10% of American households in terms of income earned are driving nearly half of all U.S. consumer spending.
https://www.wsj.com/economy/consumers/us-economy-strength-rich-spending-2c34a571 https://www.wsj.com/economy/consumers/us-economy-strength-ri...
Edit: An NPR episode on the concerning trend, https://www.npr.org/2025/11/21/nx-s1-5616629/consumer-sentiment-spending-wealth-gap https://www.npr.org/2025/11/21/nx-s1-5616629/consumer-sentim...
- actionfromafar 6mo agoOuch. That's a pattern in the developing world.
- altmanaltman 6mo ago[dead]