Re:Americans are spending less on clothing
by Retric on Wednesday February 07, 2018 @11:34AM
(#16325613)
Talking about total spending misses the income gap.
The median consumer has real impact even as the wealthy consumers have an ever larger impact on the averages.
Consider housing, people that make 10x as much rarely spend 10x as much on their home as excess becomes useless. Similarly, some people spend a lot of disposable income on clothing, but plenty of rich people don't care about clothing and spend relatively little.
The median consumer has real impact even as the wealthy consumers have an ever larger impact on the averages.
Consider housing, people that make 10x as much rarely spend 10x as much on their home as excess becomes useless. Similarly, some people spend a lot of disposable income on clothing, but plenty of rich people don't care about clothing and spend relatively little.