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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)
this post was submitted on 22 Oct 2025
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Today I learned
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This is why so many products seem to be geared towards affluent people. Business are going after less sales with much higher margins.
I've seen the term "plutonomy" (like, an economy for plutocrats) to refer to this. At this point almost all economic activity involves the rich, because the rest of us don't have enough money to amount to much.