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Consumption concentration may be up, adding slightly to economic fragility
Abstract: Analysts have taken notice of the large share of total U.S. spending attributable to the very highest earners. The concerns are that the emergence of K-shaped growth—bifurcated activity at an elevated rate among high earners and much more restrained among most others—may put the U.S. in greater economic peril.
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https://www.dallasfed.org/research/economics/2025/1125-yang-consume
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2025-11-25