Tag Archives: Purchase power

Tiny violins? The rich are cutting back too

OBSERVATION by Hans Eisenbeis WHAT’S HAPPENING The well-to-do are feeling the pinch of the current economic downturn, and they’re changing their spending habits just as surely as the middle and lower classes. And since the top 10% are responsible for 25% of the spending in our consumer-driven economy, a slowdown at the top really puts […]

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