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In the three months ahead of the all-important holiday shopping season, a group of retailers that cater to the upper middle class — including Apple, Coach and Nordstrom — saw its biggest sales drop in two years.

In the three months ahead of the all-important holiday shopping season, a group of retailers that cater to the upper middle class — including Apple, Coach and Nordstrom — saw its biggest sales drop in two years.

In the three months ahead of the all-important holiday shopping season, a group of retailers that cater to the upper middle class — including Apple, Coach and Nordstrom — saw its biggest sales drop in two years.

Rich Americans are curtailing their spending ahead of Black Friday, a worrisome sign for an economy that has so far depended on the US consumer to stave off a recession.

Richer Americans are curtailing their spending ahead of Black Friday, a worrisome sign for an economy that has so far depended on the US consumer to stave off a recession.

The upper middle class powered a spending boom that kept the US out of recession, but there are increasing signs of a slowdown.

Look at what richer Americans do on Black Friday

A hit to the brands, retailers and malls that cater to those in a higher tax bracket foreshadows potential weakness ahead for the U.S. economy.

A hit to the brands, retailers and malls that cater to those in a higher tax bracket foreshadows potential weakness ahead for the U.S. economy.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero