In the Media
USA TODAY: Rich people are spending. Everyone else is cutting corners.
11. 25. 2025
ESP Executive Director Taylor Jo Isenberg comments on history consumer spending numbers.
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This story was originally published and can be read in full at USA Today.
Consumer prices have risen by about 25% since 2020, federal data shows. Most wealthy Americans can easily cover that spread with their stock earnings, high income and comparatively ample savings.
“Their wealth is growing,” said Taylor Jo Isenberg, executive director of the Economic Security Project, a non-profit advocacy group for lower-income households. “So, they’re spending, while millions of Americans who are in a very different situation are riding out an affordability crisis.”