Retail Sales Rise on Strength of the Rich & Senate Confirms Stephen Miran to the Fed
Prof G Markets
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The Wealth Divide and Economic Indicators
This chapter analyzes how consumer spending in the U.S. is heavily influenced by the top 10% of income earners, raising concerns about economic stability for the majority facing inflationary pressures. It critiques the reliability of average economic indicators and discusses the implications of wealth distribution on the perception of overall economic health.
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