As The Rich Start To Struggle, Will They Pull Down The Economy? | Danielle DiMartino Booth

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We've all come to accept the US is now a K-shaped economy.

The rich are at the top, living large off of their asset appreciation.

And everyone else - the vast majority -- is in the bottom leg. Feeling increasingly left behind.

But the rich have been spending so amply that they've kept the averages for retail spending -- which drives the majority of our GDP -- in "healthy" territory.

But what will happen if the rich start to stumble?

Analyst Danielle DiMartino Booth thinks we are seeing signs they're starting to. And she's concerned they could pull down the economy along with them.

To find out why, and what the repercussion will be, watch this video.

Follow Danielle at https://dimartinobooth.substack.com/

Or at https://quillintelligence.com/

Or on X @DiMartinoBooth

#marketcorrection #deflation #economy
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