US News

2240 readers

23 users here now

News from within the empire - From a leftist perspective

founded 5 years ago

MODERATORS

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

9 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] geolaw@lemmygrad.ml 6 points 4 months ago (2 children)

You would think that the top ten percent would be putting the bulk of their income into savings, but maybe they decided to live in luxury instead?

[–] 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.

[–] 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