So it'll be a muddled market for the next couple years. All right, let's look at the American consumer. The haves and have nots and man, does this picture say it all about America today, Almost half of all spending is driven by the top 10% of America today. Look at that graph. In 1995, about 36% of spending was driven by the top 10%. Half of it is now driven by that 10%. (47:35–47:42)
CLAIM
Asserts that the top 10% of Americans drive almost half of all spending.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
