K-Shaped Economy: Luxury vs. Essentials
Update: 2025-12-22
Description
In this episode, we explore the stark contrast of the K-shaped economy, as seen through the lens of two Ralphs stores. High-income households, like the Andersons, enjoy a four percent increase in after-tax wages and a two point six percent rise in spending. However, lower-income families, like Massi Gharibian, face one point four percent wage growth and a mere zero point six percent spending bump. The divide is evident in shopping habits, with luxury stores like Ralph Lauren thriving while grocery chains like Ralphs struggle. Stocks reflect this trend, with Ralph Lauren shares surging thirty-seven percent and Krogers dropping thirteen percent.
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