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23rd Feb 2026 09:43USDaily Monitor
  • The share of total consumption by the top 20% has been remarkable stable at 40% over the last 25 years. 
  • New sectoral data show no connection between the spending share of the top 20% and growth last year.
  • High-income households became more cautious, accumulating liquid assets more quickly than in 2024.

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Keywords for: 24 February 2026 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence