Are wealthy stalling economy?

Are wealthy stalling economy?

Less spending by rich may be slowing recovery
PAUL SAKUMA/AP
Customers enter a Saks Fifth Avenue store May 4 in San Francisco. Economists say consumer spending has slowed mainly because the richest 5 percent of Americans – those earning more than $207,000 – have cut back. They account for about 14 percent of overall spending.

Are wealthy stalling economy?

PAUL SAKUMA/AP
Customers enter a Saks Fifth Avenue store May 4 in San Francisco. Economists say consumer spending has slowed mainly because the richest 5 percent of Americans – those earning more than $207,000 – have cut back. They account for about 14 percent of overall spending.
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