Comment by wing-_-nuts 4 days ago The top 10% of households already account for more than half of consumer spending in the US 2 comments wing-_-nuts Reply akavi 4 days ago Hmmm, that doesn't seem right. I'm having a hard time finding an actual consumption number, but I am confident it's well below 50%.The top 10% of households by wage income do receive ~50% of pre-tax wage income, but:1) our tax system is progressive, so actual net income share is less2) there's significant post-wage redistribution (social security/medicaid)3) that high income households consume a smaller percent of their net income is a well established fact. wing-_-nuts 4 days ago https://www.marketplace.org/story/2025/09/17/top-10-of-earne...
akavi 4 days ago Hmmm, that doesn't seem right. I'm having a hard time finding an actual consumption number, but I am confident it's well below 50%.The top 10% of households by wage income do receive ~50% of pre-tax wage income, but:1) our tax system is progressive, so actual net income share is less2) there's significant post-wage redistribution (social security/medicaid)3) that high income households consume a smaller percent of their net income is a well established fact. wing-_-nuts 4 days ago https://www.marketplace.org/story/2025/09/17/top-10-of-earne...
Hmmm, that doesn't seem right. I'm having a hard time finding an actual consumption number, but I am confident it's well below 50%.
The top 10% of households by wage income do receive ~50% of pre-tax wage income, but:
1) our tax system is progressive, so actual net income share is less
2) there's significant post-wage redistribution (social security/medicaid)
3) that high income households consume a smaller percent of their net income is a well established fact.
https://www.marketplace.org/story/2025/09/17/top-10-of-earne...