12 lines
1.0 KiB
JSON
12 lines
1.0 KiB
JSON
{
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"HubID": "5642",
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"Date": "11/20/2025",
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"HubTags": ["External Platform Posts", "Future Map"],
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"Contacts": ["contact1", "contact2"],
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"Companies": "",
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"File": "",
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"Image": "2025_11_wealth_vs_income_drives_spend.jpg",
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"Summary": "This chart shows that, up until around 2018, labor income was the main driver of consumption. Since then, wealth gains from rising asset prices—real estate, investments, and other holdings—have taken over. Labor income hasn’t kept pace with inflation, so the people who are spending today are largely those whose assets have appreciated in recent years. But this creates a fragile dynamic: if real estate or investment values fall, consumption collapses. Will asset prices keep rising? There are solid arguments on both sides, and no one can say with certainty. The bigger question is: how do we get incomes growing again? The answer lies in embracing the rapidly changing future shaped by technological innovation—and making sure people have the ability and tools to participate in it. ",
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"Notes": ""
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}
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