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.

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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

Do not keep up with the Jones’. You have nothing to prove to them. Almost all of it is worthless junk. Don’t do it.

But how I will I survive without my 8sleep and athletic greens and new Tesla and Nikita bier sponsored bodyguard uber apps and soho house and…

It’s extravagance masquerading as productivity 

We live in hyper refinement culture where narcissism / masturbation is given a consumer outlet

They genuinely think this way. It would be sad if it weren’t so pathetic