wsj.com
www.wsj.com

The top 10% of earners—households making about $250,000 a year or more—are splurging on everything from vacations to designer handbags, buoyed by big gains in stocks, real estate and other assets.

Those consumers now account for 49.7% of all spending, a record in data going back to 1989, according to an analysis by Moody’s Analytics. Three decades ago, they accounted for about 36%.

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  • skuzz@discuss.tchncs.de
    3·
    4 hours ago

    Reminded me of this doublespeak class warfare article from November: Rich people are dominating holiday travel - Most hotel guests this season will be people making six-figure incomes, analysts say.

    Households earning at least six figures a year are expected to make up the largest share of holiday travelers this season — 45%, up from 38% in 2023, according to a recent survey by the consulting firm Deloitte. And they’re on track to make up a majority of paid lodging customers, expanding their ranks as hotel guests from 43% last season to 52% now.

    “Travelers are looking to invest in upgrades and experiences that will make the holiday memorable,” said Kate Ferrara, vice chair for U.S. transportation, hospitality and services at Deloitte.

    This was an example of pure psychological warfare to get people to spend more money at hotels. “Well, those ‘rich’ $100k earners are upgrading their stay, I will to!”

    Corpo “news” is such shit.