๐บ๐ธ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐.๐. ๐๐๐๐๐๐๐ ๐ฐ โโโโโโโโโโโโโโโโโโโโโ
๐ถ ๐๐๐ ๐๐% ๐๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐ ๐ Since Q4 2019, spending by the top 20% of households jumped +50%. ๐ Middle class & bottom 40% rose only +25%, barely keeping up with inflation.
๐ถ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐ ๐ Prices have risen +24% in the same period. ๐ Bottom 80% are just matching price growth, with no real spending gains.
๐ถ ๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐ณ ๐ Top 10% now drive ~50% of all consumer spending, up from 36% three decades ago. ๐ Moodyโs warns of a heavily wealth-dependent economy.
๐ฅ Without the top earners, US consumer growth could collapse โ deepening the wealth divide.