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☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish ·
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13 days ago

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

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

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☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish ·
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13 days ago
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https://www.bloomberg.com/news/articles/2025-02-28/wealthy-americans-fuel-half-of-us-economy-consumer-spending (https://archive.ph/bdJ04)

  • neon_nova@lemmy.dbzer0.com
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    13 days ago

    I read somewhere a long time ago, that eventually the economy will cater to the ultra rich and the lower income class, will still get products, but much lower end stuff or stuff made from the leftovers from the ultra rich.

    One example that was given was a game with pay to win mechanics. Most people can play the game and grind away, but the real experience of the game can only be played by people who spend $500 on extra stuff.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
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      13 days ago

      basically this https://elpidio.org/2018/02/12/citigroups-plutonomy-memo-there-are-rich-consumers-and-there-are-the-rest/

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