Earlier quoted context omitted.
I'd like to see a spending breakdown. I wonder just how much of that 50% of spending is stuff that the bottom 90% would actually be competing for -- eg: an expensive bathroom remodel, a luxury car, etc, vs something basic such as tennis shoes or groceries from the local market.
We're in the lower half of that top 10% by household income. Our money, aside from basics on which we don't spend so differently from when we made a lot less money, mostly goes to: 1) Optional but advantage-conferring or life-improving things for our kids. This is probably the biggest single category, by a long shot. This takes the form of lots of stuff. - Mental health care that we'd have had to forego or spend a wh…
Also could be the first to slip back out of reach if too much reversal prevails. That would be more likely the horizons that opened up more recently, and may also be ones that hover within sight but out-of-reach for so many more whom there are growing numbers of again.
I would add that a certain way of looking at it for a proud homeowner is that one of the most luxurious things you can enjoy is the time to do your own lawn and gardening.
Then you know you've really arrived ;)