| ▲ | gruez 8 hours ago | |
>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. | ||
| ▲ | johnnyanmac 6 hours ago | parent [-] | |
> What was the historical trend? No, it is not normal for 10% of the coountry to power half the spending. Just think about that statistic for a second. Spending includes groceries, services, and other continual needs. A few private jets can't outspend millions of people buying food. But here's your chart: https://preview.redd.it/2pcvmm0u3jpf1.png?width=798&auto=web... | ||
