America's wealthiest households driving nearly half of consumer spending: Moody's
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America's wealthiest households are accounting for a growing share of consumer spending as market-driven gains in their net worth fuel a wealth effect, a new analysis by Moody's Analytics finds.
The report authored by Moody's Analytics chief economist Mark Zandi found that the top 10% of…
This story appeared on foxbusiness.com, 2025-02-25 11:00:05.