For the sake of argument and me giving him the benefit of doubt, let's say he was speaking of the collective, in that case it's true, the middle-class spend more total per yr than any other group. But he wasn't speaking in collective terms, he was speaking based on the individual.
It's basic math, a guy making $1 million dollars per yr, even though he may indeed save a large portion of his money, has more money to spend than a guy making $40K per yr.
key word in your quote friend is,,,has more money to spend,,but does not equal WILL SPEND,,very few affluent people spend their money people have conjure up in their minds that filfthy rich spend money left and right,,no only poor people do that thats why you have lottery winners who were dirt poor become poor again 5 years later,,,they still have the mentality filthy rich spend,,,when they dont A vice president of intel who I know does not even have furnitures in her 6k sq ft home does not even have a computer,,,has a work computer,,but no actual ownage of computer she has lived there for 10 years now with family,,,spends a total of 2 weeks on vacation per year does not drive a fancy car she drives a toyota car with 100k miles on it same with other vice presidents and presidents of other companies,,,they rarely spend at all unless they are enron,,,
