Why Debt is the official business of the economy Seventy percent of the US economy depends on consumer spending. But wealthy people, who now own more of the economy than at any time since the 1920s, spend only a small percentage of their incomes. Lower-income people, who were in trouble even before the pandemic, spend […]
Why So Much Wealth at the Top Threatens the US Economy | The Smirking Chimp — olddogthoughts
Maritza S. Rivera 