| ▲ | 3Mathematicians 10 hours ago |
| Consumers in the top 10% of the income distribution accounted for 49.2% of total spending, per Bloomberg. If anything, in my opinion, this strengthens the k-shaped economic growth stat that the article mentions. |
|
| ▲ | master_crab 10 hours ago | parent | next [-] |
| Yup, only the rich are powering this economy now. That bodes poorly for the country’s stability long term. |
| |
| ▲ | refurb 8 hours ago | parent | next [-] | | Top 10% is a household making more than $191k so a couple making $95k each. Rich indeed! | | |
| ▲ | JumpCrisscross 7 hours ago | parent [-] | | Generally speaking, the rich is anyone who makes slightly more than you. | | |
| ▲ | refurb 5 hours ago | parent [-] | | It's like the saying about alcoholics - "an alcoholic is anyone who drinks 1 more drink than you". |
|
| |
| ▲ | almosthere 10 hours ago | parent | prev [-] | | can also look at it as an opportunity to gather friends and start a small drywall company. Those are in demand, for example. The rich are building more buildings than ever. If you live in the bay area, you can very well see 300k / year if you keep yourself busy. | | |
| ▲ | estearum 9 hours ago | parent [-] | | Then if you're successful, you can sell it to a PE firm where it will further buoy the rich! Can't see how this positive feedback loop gets us to a bad place at all! |
|
|
|
| ▲ | gruez 8 hours ago | parent | prev [-] |
| >Consumers in the top 10% of the income distribution accounted for 49.2% of total spending, per Bloomberg. What was the historical trend? Otherwise you can't draw much from just "49.2%" alone, aside from a vague sense that stuff should be fairer. |
| |
