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Mrkawfee@lemmy.world to Today I learned@lemmy.ml · 21 hours ago

Today I learned that the top 10% of earners in the US account for almost 50% of consumption

www.morningbrew.com

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Today I learned that the top 10% of earners in the US account for almost 50% of consumption

www.morningbrew.com

Mrkawfee@lemmy.world to Today I learned@lemmy.ml · 21 hours ago
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The top 10% of Americans account for nearly half of consumer spending
www.morningbrew.com
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Commerce data released yesterday showed that spending at US retailers jumped 0.6% last month, more than double economists’ expectations of 0.2%.
  • Pringles@sopuli.xyz
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    17 hours ago

    This has been the norm throughout most of history.

    • HailSeitan@lemmy.world
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      16 hours ago

      The last few years maybe, at least since agriculture enabled standing armies, but not for most of human history, which has frequently been egalitarian and communal

    • Mrkawfee@lemmy.worldOP
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      17 hours ago

      True but it is new to the American experience since World War 2.

      • Kallestar@lemmy.ml
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        11 hours ago

        A Brief History of Income Inequality in the US
        For further reading I’d highly recommend the book A People’s History of the United States by Howard Zinn.

      • Cowbee [he/they]@lemmy.ml
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        17 hours ago

        The US has always been built to satisfy the top.

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