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The top 10% of income earners in the US now account for half of all consumer spending, a record high. (www.fxstreet.com)

submitted 4 months ago* (last edited 4 months ago) by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml

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[–] DamarcusArt@lemmygrad.ml 9 points 4 months ago (1 children)

They do put the bulk of it into savings, or "assets". This just shows how massively obscene their wealth is. This is the equivalent of their pocket change and it's more than everyone else put together.

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[–] geolaw@lemmygrad.ml 1 points 3 months ago

Okay, so they have so much wealth that they save most of it and still out-spend everyone else anyway

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