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The U.S. economy relies heavily on wealthy Americans' spending to avoid recession, despite rising inflation and weakening job market.
The U.S. economy's stability hinges on the spending of the wealthiest Americans, with the top 20% driving growth since the pandemic while the bottom 80% merely keep pace with inflation.
Moody's Analytics chief economist Mark Zandi warns that continued spending by affluent households is crucial to avoiding a recession, as their discretionary spending sustains retail sales and economic activity.
Despite rising inflation, a weakening job market, and declining consumer sentiment—especially among high-income groups—spending remains resilient.
However, a shift toward caution by the wealthy could trigger a downturn, highlighting the economy’s growing dependence on a small segment of the population.
La economía de Estados Unidos depende en gran medida del gasto de los estadounidenses ricos para evitar la recesión, a pesar del aumento de la inflación y el debilitamiento del mercado laboral.