Middle Class Cut Back and The Rich Are Spending

BlogHer Network
The New York Times has a great article about the consumption habits of the middle class and the wealthy. Businesses that cater to the middle class, like JC Penny and Red Lobster, are struggling, while companies with wealthier clients, like Nordstrom and Capital Grille, are doing just fine. As politicians and pundits in Washington continue to spar over whether economic inequality is in fact deepening, in corporate America there really is no debate at all. . . .

Read more from Middle Class Cut Back and The Rich Are Spending at Apt. 11D

Menu