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

Working toward a more self-sovereign, creative, kind internet. Husband. Dad. ❤️: 🦉, 🎮, 💻, ⛳,🎸🤘🏻. FC OG | FID442 chriskurdziel.com

everything about our culture is a reflection of this: spend money to make money, willing prosperity into existence, etc.

and that has all accelerated and checks out

chicken gonna come home to roost and it will not be pretty - i think a lot about the world my kids will exist in as this all happens. very scary in some ways