Higher-earning consumers, encouraged by rallying stock holdings & elevated property values, are splashing out on vacations & prem goods.
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Higher-earning consumers, encouraged by rallying stock holdings & elevated property values, are splashing out on vacations & prem goods.
After years of higher-than-ideal #inflation rates,
lower-income cohorts are STRUGGLING TO AFFORD NECESSITIES SUCH AS HOUSING, GROCERIES & GASOLINE.The net worth of America’s top 1%
hit a record share of nearly 32% in the Q3 of 2025-bottom 50% cum held 2.5% of overall net wealth.INCOME INEQUALITY
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️Great Gatsby Curve #Economy
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#USPol
https://www.cnbc.com/2026/01/30/wealth-inequality-k-shaped-economy-united-states-consumer-spending-trump.html -
Higher-earning consumers, encouraged by rallying stock holdings & elevated property values, are splashing out on vacations & prem goods.
After years of higher-than-ideal #inflation rates,
lower-income cohorts are STRUGGLING TO AFFORD NECESSITIES SUCH AS HOUSING, GROCERIES & GASOLINE.The net worth of America’s top 1%
hit a record share of nearly 32% in the Q3 of 2025-bottom 50% cum held 2.5% of overall net wealth.INCOME INEQUALITY
️️Great Gatsby Curve #Economy️
#USPol
https://www.cnbc.com/2026/01/30/wealth-inequality-k-shaped-economy-united-states-consumer-spending-trump.html@KimPerales @_L1vY_ This is one of the many things lately that lead me to feel multiple layers of despair. Statistically the economy seems to be improving, but only for those in higher income brackets. For one thing, those people are the only ones that count to the regime. Also, they can, and will, trumpet this endlessly, making even some of those on the lower rungs figure it must be true no matter what’s happening with them. Besides, any day now, their ship is coming in. Rinse and repeat.
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