The most affluent consumers account for a bigger share of total US spending, reinforcing the lopsided dynamic of unbothered consumption for the wealthy and more cautious shopping for everyone else.

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[–] 3 points 1 year ago (1 child)

Let's imagine it getting as lopsided as humanly possible. Imagine if 95% of the income is concentrated in 10% of the population. There could be just as much commerce om theory even if the other 90% have no medical care and are literally eating ramen and dying in the streets in the short term just with higher prices. Just virtually entirely in support of the few.

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