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The top 10% of income earners in the US now account for half of all consumer spending, a record high.
(www.fxstreet.com)
this post was submitted on 24 Feb 2025
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You would think that the top ten percent would be putting the bulk of their income into savings, but maybe they decided to live in luxury instead?
Okay, so they have so much wealth that they save most of it and still out-spend everyone else anyway