Consumption concentration may be up, adding slightly to economic fragility

Benjamin Hoham and Fang Yang

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: Analysts have taken notice of the large share of total U.S. spending attributable to the very highest earners. The concerns are that the emergence of K-shaped growth—bifurcated activity at an elevated rate among high earners and much more restrained among most others—may put the U.S. in greater economic peril.

Keywords: consumption; economy; income (search for similar items in EconPapers)
Date: 2025-11-25
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