alt Hacker NewsConsumers in the top 10% of the income distribution accounted for 49.2% of total spending, per Bloomberg. If anything, in my opinion, this strengthens the k-shaped economic growth stat that the article mentions.
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gruez • today at 3:42 AM
>Consumers in the top 10% of the income distribution accounted for 49.2% of total spending, per Bloomberg.
What was the historical trend? Otherwise you can't draw much from just "49.2%" alone, aside from a vague sense that stuff should be fairer.
Yup, only the rich are powering this economy now. That bodes poorly for the country’s stability long term.