(Adapted from “The US Economy Depends More Than Ever On Rich People,” by Rachel Louise Ensign, published on February 23, 2025 ...

Inflation decelerated but people are spending less and saving more as prices keep rising and wage growth slows. It’s worrying ...

A new analysis shows that the top 10% of earners are behind almost half of all consumer spending, which is almost 70% of GDP.

The top 10% of American households in terms of income earned are driving nearly half of all U.S. consumer spending, according ...

Rich people buy more stuff. That has always been the case. But something's changing: America's wealthy are not just ...

Moody's Analytics found. Zandi's analysis suggests that the growth in U.S. gross domestic product (GDP) is heavily reliant on the spending habits of the highest-earning Americans. He estimated ...

The top 10% of earners — households making $250,000 a year or more — are responsible for 49.7% of all consumer spending.

The US economy is more reliant on the richest Americans than ever before. The top 10 percent of earners - households making ...

South Korea's central bank on Tuesday slashed interest rates and its annual growth forecast as it looks to bolster the ...

Curb in infra spending due to elections dragged growth down to 5.4 per cent in July-September, well below the 8.2 per cent ...