U.S. Consumer Spending Still a "K"
Since 2022, there's been two separate economic realities in the U.S. as the gap continues to widen between top-earning households and everyone else. This has resulted in what economists call a K-shaped economy, where some consumers and industries are seeing gains in wealth, wage growth and employment, while those at the bottom are trending downward, creating a graph that resembles the shape of a “K.”
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