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Top 10% of households make up nearly half of all US spending: Data | Morning In America
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September 18, 2025
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5:05Now PlayingWith many Americans struggling to keep up with the cost of inflation, new data from Moody’s Analytics shows the wealthiest 10% of households account for nearly half of all spending in the United States. Andrew Wang, host of the “Inspired Money with Andrew Wang" podcast, tells “Morning in America” a recession is already happening for many Americans. “When teachers are borrowing from retirements to fix roofs while their neighbors are planning cruises, that’s not a recession forecast, that’s today’s reality,” he says.
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