India is the hardest one to pin down. Two surveys disagree, so I show a range. Depending on which one you trust, the top 10% account for 25% to 31% of household spending, up 3 to 7 points since 1990. Either way, a top-10% adult spends more than three times what a bottom-80% adult… pic.twitter.com/AhwVQG3ZHo
— Data Driven Stocks (@stockdatamarket) October 6, 2026
Vietnam is the odd one out. In my model, the top 10%'s share of spending has stayed around 21% since 1990, and the per-head gap even narrowed a little. Vietnam's household survey shows the bottom 80% gaining. Most of that gain shows up in the years the survey changed its method,… pic.twitter.com/3fdkvV9Ulh
— Data Driven Stocks (@stockdatamarket) October 6, 2026
Japan is the most even of the five, and it has barely changed in 35 years. A top-10% adult spends about 1.8 times what someone in the bottom 80% spends. The bottom 80% still account for around 71% of all household spending.
Japan is the most "socialist" here pic.twitter.com/SHmNMDen5n
— Data Driven Stocks (@stockdatamarket) October 6, 2026
Put them side by side and Asia splits in two. In China and India the top 10% pulled away, and a top-10% adult now spends 3.3 to 4.6 times what a bottom-80% adult does. Japan, Korea and Vietnam stay between roughly 1.8 and 2.7 times. In none of the five does the top 10% ever… pic.twitter.com/fJbdF4g1BS
— Data Driven Stocks (@stockdatamarket) October 6, 2026
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