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

midwest.social

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

midwest.social

ToastedRavioli@midwest.socialM to

Aspen Anti-Billionaire Society@midwest.social · 8 months ago

cross-posted from: https://lemmy.ml/post/31968765

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

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Aspen Anti-Billionaire Society@midwest.social

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A community dedicated to spreading awareness of the negative impacts of the billionaire class, especially the 250 richest people on the planet

We believe that the existence of the 0.01% comes at a cost to the rest of us, even multi-millionaires, and hope to spread awareness of this problem among the 1% (who have the most resources to affect change)

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