America’s Top 20% Drive Spending — A Risky Economy Sign
US consumer spending is booming, but 63% comes from the wealthiest 20%. Experts warn this inequality could trigger a recession. Read why. The Top 20% of Americans Are Keeping the Economy Alive — Why That’s a Problem Consumer spending fuels nearly two-thirds of the US economy. Recent retail sales data showed a stronger-than-expected 0.6% increase … Read more