America’s Owner Economy: Why the Gap Keeps Growing
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I think we gotta cut stop calling it the the K-shaped economy. We gotta come up with something else. It’s either gotta be, I don’t know, special K, like the serial, super K economy. the latest numbers are they’re striking. And again, maybe it’s starting to explain the way maybe people are voting at this point in time and the statements that are being made and some of the polls that we’re seeing. The top 20%.
Of earners now account for 58% of all personal spending in the United States. That is the highest proportion on record. The bottom 80% account for 42%, which is the lowest on record. Personal outlays, growth of the top 20% has averaged eight up 8.3% a year since the pandemic, 2020.
Almost a double 4.5% for the bottom 80%. And over the past year, it has widened further. A six point five percent increase in spending for the top 20 to 2.6 for the bottom eighty. and little perspective, 1990s, both groups accounted for roughly equal proportions of total spending at 50% each.
The winners in this economy. Winners in this economy are the ones that own assets. I again might have missed podcast I I did on this yesterday. I have talked about this for a long, long time. the fact that you again, you need to be in our economy, you need to be an owner. It’s an owner ship economy.
You have to put your money to work. You have to be invested. that’s those have been the winners. Those have been the winners. Again, you want to go back to the turn of the century, want to go back to 2000, 2026, go back 26 years. Kicked into gear a little bit earlier than that, but it really, it really has has taken off over the past 26 years.
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this is the United States of America. You have to participate. You have to participate. again, I think many people don’t want to or they’re afraid to. Maybe that’s what’s leading them to say, hey, I don’t want to do this. I want socialism, I want somebody to take someone else’s. I I I don’t know. I don’t know. But but if you’re not participating, if you’re not an owner, if you are not investing, if you’re not building and creating in this economy, you
Are falling behind. Watchdog on Wall Street.com.
