Wealthy Americans are helping keep the economy in good stead as they continue to buy first-class plane tickets and high-end sneakers, while more Americans are clipping coupons and cutting back on nonessentials. The economy is changing to reflect the will of the wealthy.
News flash: The graph's "$100,000+"mostly means $100,000-200,000 / year which is neither "wealthy" nor a market for first-class plane tickets.
Foreshadowing is a literary device...
as we are all well aware all good things come to an end. the seeds of its destruction were planted in its birth
The difficulty to even get to $100k is immense, and ask any parent of multiple kids, that’s not a lot of money to live on. How do the rich keep us poor? label income levels like $100k as upper middle class to keep our eyes off their levels of income. It would make you cringe to see what they make.
Thank you. Where I live a $100k income as a single person would force you to be a lifelong renter. Saving a downpayment for a modest apartment would never be possible, not anymore.
concrete drives are still busy taking loads to the suburbs and beaches
Argentina, basically.
For the good of all, the poor first Viva Mexico
Haven't purchased a damn thing in over a year except food and wine. AND NOT ENOUGH WINE DAMN IT.
I'm assuming that you are using the phrase "clipping coupons" as a metaphor since almost nobody buys newspapers and magazines these days. I'm of the minority that does buy them, and you rarely see a manufacturer's coupon in any publications nowadays...
Are high end sneakers edible? Looking it up to see which condiment goes with them.
Which, sadly, is exactly according to plan. Of course, no one thinks about the inevitable conclusion of that path.
There was a report about how the top 10% now represent 50% of the economy. Think about the implications of that.
Dollar Tree up to $1.50 for most items. Inflation hits the poor way harder.
They did that in 2023. Source: I worked there during that period
It went up to 1.25 first, then 1.50. Today, there were no signs. I didn't know until I was paying. I'm a teacher. I buy stuff for my classroom all the time.
Our has been like that for a while now.