The top 10% of earners—households making about $250,000 a year or more—are splurging on everything from vacations to designer handbags, buoyed by big gains in stocks, real estate and other assets.
Those consumers now account for 49.7% of all spending, a record in data going back to 1989, according to an analysis by Moody’s Analytics. Three decades ago, they accounted for about 36%.
The top-level post uses a gift link. When it runs out, there is an archived copy of the article.
Wow. You’re really digging your heels in deep to avoid admitting you’re part of the problem and there’s something you can do about it.
Entitlement and cognitive dissonance and strong forces these days. I’m sorry you can’t see past them.
The irony…