www.bloomberg.com
The “K-shaped economy” concept is resurfacing, describing a diverging recovery where the wealthy thrive while the poor struggle. This trend, initially observed during the pandemic, is fueled by concentrated consumption among high-wage earners. Economists worry about the US economy becoming top-heavy and unstable due to this uneven distribution of economic benefits. This disparity raises concerns about long-term economic health and the increasing gap between the rich and the poor.
