Holiday Spending: K-Shaped Economy in Action
Update: 2025-11-25
Description
Early holiday shopping reports reveal a mixed economic landscape. While overall spending is up, driven by higher prices rather than increased transactions, a K-shaped economy is evident. High-income households are spending significantly more, while lower-income families are grappling with stagnant wages and rising prices. This economic divide is causing financial stress, with 76% of Americans holding a negative view of the economy. The holiday season will further highlight this disparity.
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