US News

2249 readers

56 users here now

News from within the empire - From a leftist perspective

founded 5 years ago

MODERATORS

The richest 10% of Americans now account for 50% of the country’s consumer spending while the bottom 60% account for just 20%. (lemmygrad.ml)

submitted 1 month ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml

2 comments fedilink hide all child comments

https://www.bloomberg.com/news/articles/2025-02-28/wealthy-americans-fuel-half-of-us-economy-consumer-spending (https://archive.ph/bdJ04)

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

[–] footfaults@lemmygrad.ml 3 points 1 month ago (1 children)

this makes me worry because this could easily be used as justification that we don't "need" the bottom 60% of consumers to keep our consumption based economy functioning. We can just have the rich consume more.

[–] Ciderman@lemmygrad.ml 1 points 1 month ago

That's what they think already.