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Income and Wealth Gaps US 2025- Top 10 percent support 50 percent of consumer spending in 2024

02/24/2025

Top 20 percent in the US have $1.2 trillion in excess income savings and increased Net Worth to $35 trillion from 2019 to 2025. Bottom 80 percent have about $300 billion in excess income savings and increased Net Worth to $14 trillion in that period.

Grouped Articles

The U.S. Economy Depends More Than Ever on Rich People

WSJ 02/24/2025

Biden $1.9 trillion aid and US economic rebound by 2022

03/11/2021

The Biden aid package for $1.9 trillion, with over 50% going to ordinary Americans hit hardest by the coronavirus, leads to new optimism about an American economic rebound. The package cleared the US Congress on March 10, 2021. By the end of 2022 the OECD forecast is for a US economy that is larger than forecast before the pandemic.

Grouped Articles

New Stimulus Package Brings Big Benefits to the Middle Class

NYTimes.com 03/11/2021

With Relief Plan, Biden Takes on a New Role: Crusader for the Poor

NYTimes.com 03/11/2021

Triumphant Joe Biden secures $1.9trn bailout rescue deal

The Times 03/11/2021

Unexpected U.S. Growth Surge Could Unbalance Fragile Global Economy

WSJ 03/09/2021

China’s Rise Drives a U.S. Experiment in Industrial Policy

WSJ 03/10/2021

America’s Battery-Powered Car Hopes Ride on Lithium. One Producer Paves the Way.

WSJ 03/09/2021

Great American Revival Industry Task Force

04/15/2020

The Trump Business task force has two tasks. How to respond to the economic damage from coronavirus and how to reopen the economy. The president is fine with reopening parts of the economy at a time, with the federal government working together with state governors - the least risk ones going first, the most risk ones coming last done on the advice of health experts. Testing and virus tracking are key issues in reopening the economy with systems that are both efficient and reliable needed for public to have confidence.

Grouped Articles

Business Leaders Urge Trump to Dramatically Increase Coronavirus Testing

WSJ 04/15/2020


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