Boom Times for the Rich in Trump's Economy

[applegrove]

Boom Times for the Rich in Trump’s Economy

December 24, 2025 at 6:35 am EST By Taegan Goddard 138 Comments

https://politicalwire.com/2025/12/24/boom-times-for-the-rich-in-trumps-economy/

Politico: “The top 10 percent of U.S. earners spent $20.3 trillion through the first half of 2025 — nearly matching the $22.5 trillion shelled out by everyone else…”

“That splurge has been primed by a buoyant stock market, elevated real estate prices and solid wage gains for the wealthy. … But the robust numbers mask the extent to which the wealthy are driving growth.”

“Even as growth and asset prices soar, Trump’s approval ratings are sagging. For some of his allies, that’s baffling.”

Applegrove: the k-shaped economy. The rich have uncoupled their economy from the people. The people fight inflation while the rich go to town.

[NCDem47]

1. The Top 10% live in a bubble

Interacting and socializing with other 10 Percenters.

Last time I checked though...90 percent was bigger than 10 percent in terms of whole numbers. 9 in 10 income-earning Americans are NOT in the top 10 percent. Disregard them at your peril 10 Percenters.