U.S. Top 10% Drive Half of Consumer Spending—Pattern Echoes Pre-Crisis Inequality Globally
America's wealthiest 10% now account for nearly 50% of consumer spending, creating systemic risk in the world's largest economy. Twenty-two states are already in recession while the bottom 80% barely keep pace with inflation. The concentration mirrors troubling patterns in other advanced economies where consumer spending inequality preceded financial instability.
ViaNews Editorial Team•