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The top 10% drive half of US spending
US consumer spending is increasingly driven by the rich. The top 10% now account for almost half of all spending, while the bottom 80% have lost share.
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May 2026
Published Eeagli stories from May 2026. 6 stories available.
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May 2026
May 2026 • 6 stories • Page 1 of 1
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America’s oil trade has flipped
For decades, the US oil story was about dependence on foreign supply. That picture has changed. Imports peaked in the 2000s, while exports surged after the mid-2010s. By December 2025, the US exported 354 million barrels of oil in the month, compared with 257 million barrels of imports. America’s oil trade has flipped.
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The landline did not die. It became a relic
The landline belonged to the home. The mobile belongs to the person. By 2023, the US had 112.4 mobile subscriptions per 100 people, compared with just 25.6 landline subscriptions. Communication moved from places to people, and being unreachable became unusual.
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US debt interest now costs more than defence
The United States government now spends more on interest payments than it does on national defence. That sounds like a technical budget fact. It is not. It is one of the clearest signs that America’s fiscal room for manoeuvre is narrowing.
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Who Americans spend time with
Modern society has outsourced human contact to school, work and the nuclear family. When those structures fall away, too many people enter later life without enough friendship, community or regular contact to replace them.
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Norway and the death of the combustion engine
Norway’s new car market has almost completed the shift to electric vehicles. Battery electric cars now account for nearly all new sales, turning petrol, diesel and hybrids into marginal categories. The lesson is not that every country will copy Norway, but that once policy, infrastructure and consumer economics align, the combustion engine can disappear faster than expected.