ToastedRavioli@midwest.socialM to Aspen Anti-Billionaire Society@midwest.social · 17 hours agoThe richest 10% of Americans now account for 50% of the country’s consumer spending while the bottom 60% account for just 20%.midwest.socialimagemessage-square9linkfedilinkarrow-up1136arrow-down10file-text
arrow-up1136arrow-down1imageThe richest 10% of Americans now account for 50% of the country’s consumer spending while the bottom 60% account for just 20%.midwest.socialToastedRavioli@midwest.socialM to Aspen Anti-Billionaire Society@midwest.social · 17 hours agomessage-square9linkfedilinkfile-text
cross-posted from: https://lemmy.ml/post/31968765 https://www.bloomberg.com/news/articles/2025-02-28/wealthy-americans-fuel-half-of-us-economy-consumer-spending (https://archive.ph/bdJ04)
minus-squarethree_trains_in_a_trenchcoat@piefed.sociallinkfedilinkEnglisharrow-up9·9 hours agoThe way I’m reading this is that poor and middle income folks are so squeezed that they can’t meaningfully contribute to spending on anything that isn’t a necessity. This is untenable, and really not the world I want for us.
The way I’m reading this is that poor and middle income folks are so squeezed that they can’t meaningfully contribute to spending on anything that isn’t a necessity. This is untenable, and really not the world I want for us.