{"id":24928,"date":"2025-09-16T12:52:05","date_gmt":"2025-09-16T12:52:05","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/24928\/"},"modified":"2025-09-16T12:52:05","modified_gmt":"2025-09-16T12:52:05","slug":"top-10-of-earners-drive-a-growing-share-of-us-consumer-spending","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/24928\/","title":{"rendered":"Top 10% of Earners Drive a Growing Share of US Consumer Spending"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Wealthy consumers continue to account for a growing share of US consumer spending, highlighting the lopsided strength of the economy as a slowdown in hiring and wariness among other income cohorts raise fears of a slowdown.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Consumers in the top 10% of the income distribution accounted for 49.2% of total spending in the second quarter, up from 48.5% in the first quarter, reaching the highest level in data going back to 1989, according to an analysis by Mark Zandi, chief economist for Moody\u2019s Analytics.  <\/p>\n","protected":false},"excerpt":{"rendered":"Wealthy consumers continue to account for a growing share of US consumer spending, highlighting the lopsided strength of&hellip;\n","protected":false},"author":2,"featured_media":24929,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,9921,1322,4990,113,1392,1961,61,1095,5232,60,1630,123,21206,131,5766],"class_list":["post-24928","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-consumer-spending","tag-debt","tag-economics","tag-economy","tag-employment","tag-federal-reserve","tag-ie","tag-inflation","tag-interest-rates","tag-ireland","tag-labor","tag-markets","tag-moodys-corp","tag-stocks","tag-wealth"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/24928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=24928"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/24928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/24929"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=24928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=24928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=24928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}