The average American today is being strangled financially, with stagnant wages squeezing them on one side and rising costs on the other. A recent Wall Street Journal article revealed that the top 10% of Americans, which includes households making $250,000 per year or more, account for about half of all consumer spending. Essentially, the rich are keeping the country afloat because the economy simply doesn’t work for the vast majority of Americans today, as explained in a recent article by noted economic expert Dr. David Phelps.
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