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News Wire / economy

Wealthy Family Spending Drives US Economy

WAMU 88.5 DC Washington DC 13d Impact 5
Spending by wealthy families is a primary driver of the current US economy. The richest 20% of families in the country account for approximately 60% of all spending.

Topics

US economy consumer spending wealth inequality

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Sources · 7 independent

WAMU 88.5 DC

“A big part of what's driving the economy right now is spending by wealthy families who feel good about the booming stock market and home values.”

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