US economy depending on the wealthy more than ever: Report

A new report shows the wealthiest 10% of Americans are keeping the U.S. economy going right now, accounting for nearly half of all consumer spending. Meanwhile, working- and middle-class Americans have had to cut down on spending.

The wealthiest 10% make $250,000 or more each year.

Federal Reserve data shows credit card delinquency among non-wealthy Americans is the highest it’s been since 2011.