No. of Recommendations: 9
So, where is the recession that you promised?LOL Give it a minute...
"The top 10% of U.S. households now account for half of all consumer spending, a record high since data collection on this metric began in 1989."
"The figures help to explain how the economy has remained afloat and avoided recession amid a substantial decline in hiring, rising debt delinquencies and stubborn inflation
that is straining many households."
"The economy’s prospects are tethered to the fortunes and spending of the well-to-do, If they turn more cautious in their spending, for whatever reason, the economy will suffer a recession."
https://www.bloomberg.com/news/articles/2025-09-16...
