Wealthy Americans Prop Up U.S. Economy Amid Slow Growth

Source: wsj.com

Wealthy Americans have become the main engine keeping the U.S. economy afloat as overall consumer spending slows. The article examines data showing how the richest households are spending heavily on luxury goods and services, while middle- and lower-income groups pull back. This trend reveals deepening divides in economic health and raises questions about the sustainability of growth powered by a small slice of the population. Readers should care because it signals potential fragility in the con