Could inflation be a driver of these numbers (wage and spending growth for lower and middle households vs high) growing in tandem? Didn't see that mentioned in the article
Structural demographics is driving up wages, with the labor component being inflationary. The labor market is resilient because ~4M Boomers retire a year, ~11k/day, ~2M people 55+ die every year, about half of which are in the labor force; that means ~13k-14k workers leave the labor force every day in the US, ~400k/month.
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[ 4.7 ms ] story [ 18.8 ms ] threadAmerica's missing middle: The shrinking 45-64 population - https://www.axios.com/2026/07/07/gen-x-population-shrinking-... - July 7th, 2026
https://usafacts.org/articles/semiquincentennial-snapshot-th... - July 1st, 2026
Is the U.S. Labor Force Nearing Its Peak? - https://www.kansascityfed.org/research/economic-bulletin/is-... - June 29th, 2026
The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival - https://www.suerf.org/wp-content/uploads/2023/12/f_fa99ccdbe... - October 2020
https://news.ycombinator.com/item?id=47680794 (citations)