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WarmWash • today at 12:30 AM • 1 reply • view on HN

I guess I'll be the one to point out that the richest American demographic is the 50-95%. And the ~75-85% are the actual backbone of the economy, with their relentless spending.

If there is a reckoning, the most pain will be the demographic here on HN, living in the suburbs. Not the billionaires living in the Hamptons or Napa.

The fuel of this fire is white collar high earners. Its also why not much is probably going to change, because these people also vote a lot. It's not billionaires and Black Rock driving up home prices, that's for sure...

Replies

ckw • today at 2:34 AM

From GPT-5.5 via mostly FRED (e.g. https://fred.stlouisfed.org/series/CXUTOTALEXPLB1510M):

  Group   Wealth    Income/yr  Spending/yr
  50–95%  ~$75–80T  ~$11–13T   ~$9–11T
  95%+    ~$95–105T ~$7–9T     ~$5–7T
  75–85%  ~$18–22T  ~$2.5–3.0T ~$1.4–1.8T