The top 20% of incomes now account for a massive 40% of consumer spending in the US.
Meanwhile, the bottom 20% of consumers now account for just 9% of consumer spending.
Even if you combine the bottom 40% of incomes in the US, they account for just 22% of consumer spending compared to 61% for the top 40%.
With inflation above 3% for 37 straight months, the wealth gap has widened.
Those in higher income quartiles have outpaced inflation through real estate and stock prices.
Everyone else has been left behind