Nah. The top 10 percent of US households make $190,000 per year. That is simply a lot more money than a household strictly needs. At that point, your Roth IRA is maxed out, you own a home, and you still have thousands every single paycheck to play with.

Funny money.

Wealth inequality is intensely fractal, at every level it is enormous: someone at the 90th %ile household (there are 15 million of these), making 178k (1), can mostly imagine what someone at the 97th %ile, making 350k, would live like (there are 4.6 million of these), but someone at the 99th %, making 663k would be harder to imagine, and someone at the 99.9th %ile, making 3.2 million a year is basically impossible, and the 1500 taxpaying units at the 99.99th %ile, making 85 million a year is simply out of the frame of reality.

1: All stats are 2022 tax year, and are AGI per tax return, so excluding things like 401(k), based on https://www.irs.gov/statistics/soi-tax-stats-individual-stat... and defining household as "taxpaying unit"- e.g. married filing separately would count as two, at two separate levels of income

This tracks with a report[1] that nearly half of consumer spending now comes from the top 10%.

[1]: https://www.wsj.com/livecoverage/stock-market-today-dow-sp50...