this post was submitted on 01 May 2025
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The top 10% of the population now accounts for over 50% of all economic activity. They have a level of income and reserved cash that is hard to comprehend and that just starts at $250,000 US salary and goes up from there.
Those people are spending so freely and so completely it's practically the entire economy and we are forced to compare ourselves to them.
The extra annoying part is that in a population of 350million people in the US, 10% is still about 35 million people. So there is more than enough of them to compare to and for companies to aim at.
The 90% of us are the working poor and it's not that others are stretching their money more they either just don't notice or care to look or have decided they have enough to spend freely without any consideration of whether they can afford it.