K shaped economy with increasing expenditure means the wealthier increase their spending as a portion of the economy and at an absolute level. It is not interpreted as the polity doing well - if anything, it is cause for concern.

▲

Ericson2314 9 hours ago | parent | next [-]

The wealthy don't buy more crap on black Friday.

Inequality is very visible in terms of what sort of consumption occurs. Gotta look at the qualitatives.

	▲	alfalfasprout 9 hours ago \| parent \| next [-]
		Sure they do. And during the holiday season too.
	▲	zerosizedweasle 8 hours ago \| parent \| prev [-]
		Wealthy people love feeling like they are getting a deal.

▲

Libidinalecon 9 hours ago | parent | prev [-]

I don't know if it is just the wealthy either.

The retired middle class boomers I know are completely outside the business cycle.

While I don't think they have enough to really be considered wealthy, they have no mortgage payment, a social security check, a pension and most have a 401k.

The business cycle will not change their spending one bit.

▲

AnimalMuppet 9 hours ago | parent [-]

It may, a bit. If the 401k is in the stock market, and the stock market is down, their total visible money is down. That tends to decrease enthusiasm for spending.

▲

bryanlarsen 9 hours ago | parent [-]

It may also affect it a lot. Retirees I know have a retirement plan that involves their retirement accounts being at a specific level at the end of each year. If their accounts are over that level because the stock market had a good year, they consider it funny money that they're allowed to spend.

▲

tadfisher 7 hours ago | parent [-]

That's not a plan, it's a suicide note with extra steps.

	▲	addaon 6 hours ago \| parent [-]
		> That's not a plan, it's a suicide note with extra steps. Being an aging human is a suicide note. The extra steps are the entire point of retirement.