Top 10% of Earners Drive a Growing Share of US Consumer Spending
https://www.bloomberg.com/news/articles/2025-09-16/top-10-of-earners-drive-a-growing-share-of-us-consumer-spending?srnd=homepage-americas&sref=MabTy6na&embedded-checkout=true
Posted by Educational_Net4000
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Wealthy consumers continue to account for a growing share of US consumer spending, highlighting the lopsided strength of the economy as a slowdown in hiring and wariness among other income cohorts raise fears of a slowdown.
Consumers in the top 10% of the income distribution accounted for 49.2% of total spending in the second quarter, up from 48.5% in the first quarter, reaching the highest level in data going back to 1989, according to an analysis by Mark Zandi, chief economist for Moody’s Analytics.
Duh we’re the only ones with disposable income at this point.
Even so I look around and either think “wow this shit is expensive how can other people afford this?” Or the reason we’ve stopped eating out as much, “this is 100% not worth what I just paid for it”
I read another article about the happiest place on Earth, Disney World, which has catered toward the top 10% earners by offering luxury experiences, thus pricing out the middle class. The company now targets the wealthy with tiered access and premium accommodations, reflecting a broader trend of businesses relying on top earners.
And that’s why lowering interest rates won’t help the real economy…just those at the top who can borrow against their already bloated assets.
As a member of that 10%, I will always marvel at how many in the 90% vote for my economic interests over theirs.
(And conversely how I continuously vote for their economic interests and so many of them hate me for doing so)
So I’m in the top 10%. Here’s what I am seeing. Trump loves us. Salt cap change? That means I’ll be deducting $20000 more on my taxes, a $4800 benefit, no tax on the half of OT time and a half, a $1300 benefit.
So I’m getting $6100 more back because of big daddy. I’ll spend it on whatever, maybe some new windows for the second house.
But really I’m just a pheasant, if I could afford to buy a new business jet I’d pay zero taxes next year on my way to Boca for the weekends. 👍
https://www.cnbc.com/2025/07/14/tax-cuts-private-jets-big-beautiful-bill.html
Remember, who you vote for matters.
I don’t understand how some places operate.
It’s like small ice cream place near me
Took the family there and got 4 small cones
Total was near $40.
There can’t be that many people around paying those rates for ice cream.
They must go off the high price low turn over model