If you have a head on your shoulders, you can preserve a lot of wealth simply by existing in this top 10% without falling prey to overconsumption

90% of America lives without buying a ton of excess crap. You can, too.

1/7
WSJ: "The top 10% of earners in the U.S. now account for 49.7% of all spending, a record in data going back to 1989. Three decades ago, they accounted for about 36%."

It is surging stock and property markets that seem to drive their disproportionate spending.…

Michael Pettis

If you have a head on your shoulders, you can preserve a lot of wealth simply by existing in this top 10% without falling prey to overconsumption

90% of America lives without buying a ton of excess crap. You can, too. 

https://x.com/michaelxpettis/status/1893924998190113019

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

I'm a man of simple pleasures. If I ever became wealthy, I'd buy a nice lakeside cabin out in the woods and live a minimalist lifestyle in the outdoors. The extravagant lifestyles of the rich never appealed to me.