alt Hacker News>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.
>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.
> What was the historical trend?
No, it is not normal for 10% of the coountry to power half the spending. Just think about that statistic for a second. Spending includes groceries, services, and other continual needs. A few private jets can't outspend millions of people buying food.
But here's your chart: https://preview.redd.it/2pcvmm0u3jpf1.png?width=798&auto=web...