K-Shaped Economy: Lower Incomes Struggle as Wealthy Thrive
Update: 2025-11-14
Description
Economic experts warn of a growing divide in the US economy, with lower-income households facing significant financial strain as inflation holds steady at three percent. Despite the overall economy appearing stable, a K-shaped recovery means the wealthy continue to thrive while others struggle. Recent job cuts and a cooling labor market add to concerns, potentially impacting the entire economy if lower-income households reduce spending.
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