☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to US News@lemmygrad.mlEnglish · 8 days agoThe richest 10% of Americans now account for 50% of the country’s consumer spending while the bottom 60% account for just 20%.lemmygrad.mlimagemessage-square2linkfedilinkarrow-up149arrow-down10file-textcross-posted to: news@hexbear.net
arrow-up149arrow-down1imageThe richest 10% of Americans now account for 50% of the country’s consumer spending while the bottom 60% account for just 20%.lemmygrad.ml☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to US News@lemmygrad.mlEnglish · 8 days agomessage-square2linkfedilinkfile-textcross-posted to: news@hexbear.net
https://www.bloomberg.com/news/articles/2025-02-28/wealthy-americans-fuel-half-of-us-economy-consumer-spending (https://archive.ph/bdJ04)
minus-squarefootfaults@lemmygrad.mllinkfedilinkEnglisharrow-up3·7 days agothis 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.
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.
That’s what they think already.