Moody's chief economist Mark Zandi warns: US economy is becoming “increasingly” unequal, leaving most Americans upset over …
Mark Zandi, chief economist at Moody’s Analytics, has warned that America’s economic divergence remains ‘firmly intact’, with newly updated data showing the bottom 80% of earners losing ground against inflation while top earners dominate national consumption. Zandi’s estimates reveal that households in the top 20% of the income distribution — those earning over $175,000 annually — now account for nearly 60% of total spending.