Quote:
Originally Posted by jcardstore
Some of us have been saying this for the last 4 years and just get yelled at by the hobby hype men  |
Quote:
The most common refrain so far this corporate earnings season is that the U.S. economy is increasingly divided between wealthy consumers and everyone else.
While many Americans tighten their belts amid rising costs and a weakening job market, a fortunate few are still spending freely, insulated by a financial cushion of stock market gains and years of rising home values.
...
The U.S. economy has been turning more “K”-shaped for decades, with the high-earner cohort doing better and better while others fall further down the economic ladder.
In 1989, the top 10% of U.S. wealth holders already controlled about 61% of the total wealth in the economy, according to Federal Reserve data. Today, it’s about 67%.
|
https://www.nbcnews.com/business/eco...omy-rcna241168
We are in a two-tiered economy, with the gap widening over time -- how will this effect the trading cards market going forward?