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Plutonomy

Plutonomy

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According to MSN News, Citigroup recently claimed that the US is becoming a "Plutonomy", an economy that increasingly relies on the rich.

According to the Wall Street Journal, our country's top earners, only about 10 percent of American spenders since 2007, have defined more than 30 percent of consumer activity since 2009..

Source: http://www.collegenews.com/index.php?/issues/is_us_economy_a_plutonomy34058357824/
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