Affluent Shoppers Account for Nearly Half of US Retail Spending
The top 10% of earners in the U.S. now account for nearly half of all consumer spending, according to Moody's Analytics and Bank of America. This shift reflects a deepening K-shaped economic recovery where high-income households drive retail demand while middle- and lower-class spending stagnates or declines.
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Topics: affluent_shoppers income_inequality real_estate retail