The scary truth is the economy in the U.S. is suffering. More and more Americans are forced to decrease their spending just to keep food on the table, but this is not the same for consumers with a high salary. A recent podcast, “U.S. Economic Growth Relies on Rich Americans more Than Ever”, discusses this unexpected occurrence. Host Luke Vargas with the Wall Street Journal brings attention to how the top 10% of consumers have actually increased their spending at big retailers like Walmart and Target. Many stocks are rapidly falling and no one has the ability to keep them afloat on their own.
Anna Ciaramitaro
