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

As many Americans tighten budgets, the top 10% of U.S. earners now account for almost 50% of all spending. And some are ...

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

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

The top 10% of American households in terms of income earned are driving nearly half of all U.S. consumer spending, according to a new analysis by Moody's Analytics.

It said that India’s GDP is expected to grow 6.4% both in the 2025 and 2026 fiscal years. Talking about China, it said that ...

India's Gross Domestic Product (GDP) growth is set to shrink to 6.4 per cent in 2025, as compared to 6.6 per cent in 2024, ...

Financial services firm Moody’s has warned Asda’s credit rating is ... store experience and product availability. “The Asda team still needs to demonstrate a strong execution track record ...

This will further benefit domestic manufacturers, particularly those producing two-wheelers, passenger vehicles, and white goods, it said. The rating agency has forecast a 6.6% gross domestic product ...

Chennai: With gloomy global economic outlook, Moody’s Investors Service turned moody on Friday and cut 2022 gross domestic product (GDP) projections for India to 7 per cent and projected 2023 at 4.8 ...