What makes up 70 of the us economy

Upper-, middle- and lower-income adults are largely in agreement about the degree of influence these groups have. And large majorities across the three income groups say large corporations and people who are wealthy have too much power and influence.

There is some common ground across parties on this question. On other groups, partisans differ somewhat. Democrats are more likely than Republicans to say that large corporations, wealthy people and financial institutions have too much power.

Republicans, in turn, are much more likely than Democrats to say labor unions have too much power. Some differences also exist within the party coalitions.

A similar pattern applies when it comes to views of large corporations. Democrats and Republicans are largely in agreement when it comes to small businesses. Note: See the questions used for this analysis, along with responses, and its methodology. Say "Alexa, enable the Pew Research Center flash briefing".

It organizes the public into nine distinct groups, based on an analysis of their attitudes and values. Even in a polarized era, the survey reveals deep divisions in both partisan coalitions. Use this tool to compare the groups on some key topics and their demographics. Pew Research Center now uses as the last birth year for Millennials in our work. Victor and Mark Muro. Economy U. Metro Areas U. Clifford Winston. Play Audio.

Podcast Episode Industrial decline and the rise of populists in Russia, the U. Economy Why Is government so inefficient? Over the past couple decades, consumer spending has grown faster than other parts of the economy and changed the composition of GDP.

Emmons, the lead economist at the St. Even as global growth slowed, business investment waned, and CEO confidence softened last year, consumers kept spending. So, what happens now? Now that none of us are going on vacation, or to the movies, or out to dinner, there are 10 million and counting newly unemployed people, and large parts of this economy are shutting down?

When people spend less on goods and services, businesses invest less too. They build fewer factories, hire fewer employees.

In a slowing economy, less money is earned so less money is paid in taxes, which means some government spending could go down too. As consumer spending contracts, other parts of the economy will contract with it.