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Personal Finance Topics / Macroeconomic Trends and Risks
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Author: tjscott0   😊 😞
Number: of 3852 
Subject: Can the Wealthy & Well Off Drive the US Econom
Date: 10/22/25 10:15 AM
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We know the rich are getting richer & receiving more of the national income thus making income inequality worse.

https://www.mheducation.com/highered/blog/2025/05/...

Yet

https://finance.yahoo.com/news/early-us-earnings-p...

Those profits must be coming from somewhere as the working class & middle class struggle.

https://www.stlouisfed.org/on-the-economy/2024/may...

<img src="https://www.stlouisfed.org/-/media/project/frbstl/..." alt="A column chart breaks down U.S. households by income decile. The shares of households with credit card debt in each decile are as follows: 1st, 28%; 2nd, 40%; 3rd, 50%; 4th, 42%; 5th, 58%; 6th, 57%; 7th, 61%; 8th, 49%; 9th, 46%; 10th, 26%."/>


And where are the corporate profits going? Stock buybacks driving the market valuation higher.

https://www.usatoday.com/story/money/personalfinan...

The plebes were never needed. Now is the middle class in that category?
Has the the US morphed into a capitalist pre WW 2 British class style society which was reminiscent of feudalism?
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