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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 week ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml

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

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[–] footfaults@lemmygrad.ml 3 points 1 week 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 week ago

That's what they think already.