News Summary

• The United States economy in late 2025 presents a paradox.
• Headline GDP growth appears robust, yet beneath the surface, the picture is far less reassuring.
• The top 10 per cent of earners (those with income greater than US$250,000) now account for approximately half of all consumer spending, up from 36 per cent three decades ago.
• This bifurcation is fuelling political polarization, exemplified by the polling showing public support behind a far-left mayor in New York, a sign of growing frustration among those left behind.