The Soapbox

hoojinks

Joined: 02/07/2019 Posts: 286
Likes: 574


Interesting read. Internet not alone killing the mall but big box stores


and the fall of the middle class. Income earned by the middle class has fallen 2/3rds.

"In the latest data, people in the top 10 percent of income saved almost a third of their income after taxes. People in the middle of the income distribution spent 100 percent of their income. So as the middle class has been squeezed and more has gone to the top, it has meant higher saving rates overall."

Link: https://www.nytimes.com/2020/02/13/business/not-internet-really-killing-malls.ht


Posted: 02/14/2020 at 10:56AM



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