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Crypto Quantum Computing Is a Long-Term Threat to Bitcoin. Here's the Debate Over Fixing ItCompanies A Startup Wants to Put a Barrel of Oil on the BlockchainEconomy The K-Shaped Consumer: Why the Top 10% Now Drive US SpendingPersonal Finance Rich Enough to Retire, but Afraid To: How to Close the Confidence GapCompanies AstraZeneca's Wainua Fails a Big Heart Trial, Wiping About £19 Billion Off Its ValueCrypto Swift Launches a Blockchain Ledger to Test Tokenized Deposits With 17 Big BanksCompanies The 'Amazon of Oil': How Trading Houses Keep Crude Moving Around the WorldEconomy Britain Extends the Life of Sizewell B Nuclear Plant to 2055Crypto Quantum Computing Is a Long-Term Threat to Bitcoin. Here's the Debate Over Fixing ItCompanies A Startup Wants to Put a Barrel of Oil on the BlockchainEconomy The K-Shaped Consumer: Why the Top 10% Now Drive US SpendingPersonal Finance Rich Enough to Retire, but Afraid To: How to Close the Confidence GapCompanies AstraZeneca's Wainua Fails a Big Heart Trial, Wiping About £19 Billion Off Its ValueCrypto Swift Launches a Blockchain Ledger to Test Tokenized Deposits With 17 Big BanksCompanies The 'Amazon of Oil': How Trading Houses Keep Crude Moving Around the WorldEconomy Britain Extends the Life of Sizewell B Nuclear Plant to 2055

Topic: wealth-effect

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New Economy
Thursday, 7/9, 01:37 PM

The K-Shaped Consumer: Why the Top 10% Now Drive US Spending

  • US consumer spending has split along income lines: high earners keep spending, powered by a rising stock market, while lower earners hold back.
  • The wealthiest 10% now account for well over a third of all discretionary spending, which means the economy increasingly leans on one group, and on the markets that make them feel rich.

wealth-effect — news and stories on this topic

This page collects all of Boursel's coverage of wealth-effect. Follow the topic from one place: new stories appear here automatically as more is published. That way you stay on top of how the situation develops.

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