The US economy will contract if the stock market drops in a quarter (3 months period). The top 10% of U.S. households by income account for approximately 45% to 49.7% of total consumer spending, depending on the analytical model used.

Moody’s Analytics / Federal Reserve Data: the top 10% of earne...rs (households making roughly $250,000 or more per year) drive about 49% to 49.7% of all consumer spending, a record high dating back to 1989. +