Wealthy Driving US Economy, But Risks Loom
Update: 2025-11-25
Description
Americas economy hinges on its wealthiest citizens for consumer spending, with the top ten percent now accounting for half of all spending. This trend, amidst a declining consumer confidence for lower and middle-income households, is exacerbating economic disparities. The affluent, benefiting from rising stock prices and home values, are expected to drive holiday sales. However, a potential downturn in their spending could significantly impact the economy.
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