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 ...

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 ...

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 ...

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

Households making more than $250,000 represent just the top 10% of all earners, but a new report from Moody's Analytics reveals ... for 70% of the gross domestic product. But there is a distorting ...

All this means that economic growth is unusually reliant on rich Americans continuing to shell out. Mark Zandi, chief ...

Tidbit: We get the PCE and core PCE on Friday, Feb 28. The last reading was 2.8% y/y but notice the m/m chart fails to show ...