September 14, 2026 Investor Insights

Basic Necessities

September 14, 2026

Enjoy this week's "Investor Insights," a weekly newsletter that highlights the financial news you need and provides tips and tricks for making better investment decisions.

Although children of the top 1% of American income earners have significant financial advantages over their peers, a full 40% of them fall out of the top fifth of income earners as adults. 1
U.S. data center construction spending reached a record $75.2 billion in July 2026, up 665% from just $9.5 billion in March 2020. Over the same period, office construction spending fell from its $72.2 billion peak to $44.8 billion. 1
Spending on basic necessities has steadily declined as a share of disposable personal income, falling from 53% in the late 1940s to 32% in 2024. Households are spending about 21 percentage points less of their income on the basics than they did after WWII. 1
$1 million in 1993 had the purchasing power of only about $475,000 by the end of 2024. At 3% inflation, purchasing power is cut in half roughly every 23 years, while at 4% it takes only about 17 years. 2

Sources:

MFS - “Beyond the News”
A Wealth of Common Sense - “Millionaires Everywhere”

*Past performance is not indicative of future performance

Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.

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