Krugman on the state of the US economy (substack warning)

"there are clear signs that middle-to-low income consumers are struggling: car loan and credit card delinquencies are rising, and grocers report that shoppers are buying cheaper varieties of food. At the same time, the affluent are spending freely: the top 10% of the income distribution now accounts for nearly half of all consumer spending"

#economics #usPol #makeItGreat #manufacturedCrisis

https://paulkrugman.substack.com/p/the-us-economy-is-in-worse-shape