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by ethbr1 262 days ago
It's borne out in numbers. [0]

All of inflation-adjusted US spending growth has come from those in the top 20% income bracket ($175k+) and especially the top 3.3%.

So not Boomer spending, but wealthy spending. (Which overlaps but isn't completely the same thing)

[0] https://fortune.com/2025/09/17/economy-reliant-on-wealthy-co...