The top 10% of earners in the United States account for 49% of total consumer spending, reaching a record high.

Over the past 30 years, this proportion has increased by 13 percentage points, indicating a significant change in consumption capacity.

Meanwhile, the bottom 80% of earners only account for about 37% of total consumer expenditure, down 11 percentage points since 1995.

This means that the top 10% of earners account for 33% of the US GDP, a record high, as personal consumption expenditure makes up 68% of the total economic output.

At the same time, the bottom 80% of the population accounts for only 25% of the US economy.