Retail spending is starting to look more and more like the labor market
finance.yahoo.com
Spending data shows a resilient consumer powering the economy, but that strength is skewed.

The most affluent consumers account for a bigger share of total US spending, reinforcing the lopsided dynamic of unbothered consumption for the wealthy and more cautious shopping for everyone else.

  • No_Eponym@lemmy.ca
    0·
    15 hours ago

    95% of the income is concentrated in 10% of the population

    New feudal overloads: “Seems about right!”