Consumer Behavior

Wealthy households account for nearly half of consumer spend

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March 5, 2025

The top 10% of U.S. households in terms of earnings are accounting for nearly half of today's consumer spend, according to a Moody's Analytics report.

That top 10% of households are defined as earning $250,000 or more and their growing spend share is a record setter, beating out a record established in 1989, according to a Fox Business News report.

Spending by the top 10% equals at least one-third of the U.S. gross domestic product.