this post was submitted on 01 Jul 2026

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United States | News & Politics

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The richest 20% are the only ones powering the U.S. economy, says top economist, but their prospects are entirely reliant on teetering stock prices (fortune.com)

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[–] HobbitFoot@thelemmy.club 4 points 1 week ago

It is more an explanation as to why the economy is doing well despite the overwhelming majority seeing flat or negative spending.