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Data show a resilient economy Wealthy consumers continue to account for a growing share of us consumer spending, highlighting the lopsided strength of the economy as a slowdown in hiring and wariness among other income cohorts. But that largely reflects spending by the rich, while others pull back amid high prices and a weakening labor market.
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Their spending habits have helped to buoy the overall economy, masking underlying weaknesses Economy with increased consumer spending and income growth As prices for everyday essentials like food, housing, and healthcare continue to rise, many americans are finding it increasingly difficult to make ends meet.
Spending by america’s wealthiest households is powering the economy, moody’s warns, while the bottom 80% have only kept pace with inflation.
America's wealthy are not just purchasing more than everybody else — they are increasingly propping up the entire u.s Wealthy americans are driving the u.s
