Re:Retailers will soon have only about 7 weeks of full inven...
by const_cast on Wednesday April 30, 2025 @10:15PM
(#43853050)
You spend less, proportionally, of your income the richer you are. Economic activity scales inversely with wealth.
Poor people spend close to 100% of their income on consumption, middle class people a little less, and up into the billionaires we're looking at less than 1%.
They "move money" in other ways, but I think the key here is that those other ways are just necessarily less economically stimulating.
Poor people spend close to 100% of their income on consumption, middle class people a little less, and up into the billionaires we're looking at less than 1%.
They "move money" in other ways, but I think the key here is that those other ways are just necessarily less economically stimulating.