The US economy runs on spendings of the 1% – but that clock may be ticking

The economy in the United States is getting squeezed by the very people who’ve been keeping it alive. On Monday, Bloomberg reported that rich Americans—who’ve been responsible for almost half of all consumer spending—are starting to tighten their wallets. Their spending has carried the economy through pandemic shocks, rising interest rates, and inflation. But now, […] source: https://www.cryptopolitan.com/us-economy-runs-spending-clock-ticking/