Who’s in the consumer-spending driver’s seat?
The top 10% of earners account for half of all consumer spending in the U.S., a new study shows. In other words, if the goods and services Americans buy in a year were a pie, those with the highest incomes have been shelling out for a massive slice. Where does that leave everyone else? Also in this episode: Investors and the AI industry await Nvidia’s earnings report this week and tariffs threaten a complex auto manufacturing supply chain.