The wealthiest are boosting the economy, as consumer spending rises again

Newly revised income data shows the country’s richest have seen large gains in the last five years, allowing them to keep spending even as inflation heats up.

September 26, 2025

Yachts moored in the port of Saint-Tropez in the South of France, a prime holiday destination for the wealthy. (Sandra Mehl/For The Washington Post)

By Abha Bhattarai

The wealthiest Americans have been doing even better than previously thought and are driving a consumer spending surge that has been fueling the U.S. economy as they splurge on travel, hotels and dining out, newly revised economic data shows.

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