lemmy.billiam.net
  • Communities
  • Create Post
  • Create Community
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish ·
edit-2
1 month ago

The richest 10% of Americans now account for 50% of the country’s consumer spending while the bottom 60% account for just 20%.

lemmy.ml

message-square
6
link
fedilink
32

The richest 10% of Americans now account for 50% of the country’s consumer spending while the bottom 60% account for just 20%.

lemmy.ml

☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish ·
edit-2
1 month ago
message-square
6
link
fedilink

https://www.bloomberg.com/news/articles/2025-02-28/wealthy-americans-fuel-half-of-us-economy-consumer-spending (https://archive.ph/bdJ04)

alert-triangle
You must log in or register to comment.
  • davel [he/him]@lemmy.ml
    link
    fedilink
    English
    arrow-up
    5
    ·
    1 month ago

    The rich don’t even spend that much of their money. The poor must spend virtually all of it to survive, while the rich make their excess money make even more money.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
      link
      fedilink
      arrow-up
      2
      ·
      1 month ago

      indeed

  • LuigiMaoFrance@lemmy.ml
    link
    fedilink
    arrow-up
    5
    ·
    1 month ago

    Parasites stealing the product of our labor.

  • neon_nova@lemmy.dbzer0.com
    link
    fedilink
    English
    arrow-up
    10
    ·
    1 month ago

    I read somewhere a long time ago, that eventually the economy will cater to the ultra rich and the lower income class, will still get products, but much lower end stuff or stuff made from the leftovers from the ultra rich.

    One example that was given was a game with pay to win mechanics. Most people can play the game and grind away, but the real experience of the game can only be played by people who spend $500 on extra stuff.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
      link
      fedilink
      arrow-up
      3
      ·
      1 month ago

      basically this https://elpidio.org/2018/02/12/citigroups-plutonomy-memo-there-are-rich-consumers-and-there-are-the-rest/

  • principalkohoutek [none/use name]@hexbear.net
    link
    fedilink
    English
    arrow-up
    5
    ·
    1 month ago

    is-this is this a healthy society?

United States | News & Politics@lemmy.ml

usa@lemmy.ml

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !usa@lemmy.ml
Visibility: Public
globe

This community can be federated to other instances and be posted/commented in by their users.

  • 165 users / day
  • 1.65K users / week
  • 3.82K users / month
  • 9.51K users / 6 months
  • 1 local subscriber
  • 8.3K subscribers
  • 7.21K Posts
  • 42.1K Comments
  • Modlog
  • mods:
  • pangyuehung@lemmy.ml
  • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
  • BE: 0.19.11
  • Modlog
  • Instances
  • Docs
  • Code
  • join-lemmy.org