James Keys and Tunde Ogunlana consider what it means that the US economy continues to become more and more reliant on spending by the top 10% of earners, and discuss how this is the exact opposite of how the US built to largest middle class in the history of the world in the 20th century.
https://www.wsj.com/economy/consumers/us-economy-strength-rich-spending-2c34a571
https://apple.news/AnPw0rDI0SOWQNhVKQ3E4dg
The Rich Are Increasingly Propping Up the US Economy as the Middle Class Is Hollowed Out
8 months ago
1 min read
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