K-Shaped Economy: Wealth Gap Widens
Update: 2025-11-15
Description
The podcast delves into the K-shaped economy, a term illustrating the growing divide between high and low-income Americans. This concept, represented by the letter K, shows how the wealthy are thriving while lower-income individuals are struggling. The economic policies driving this divergence are discussed, with Diane Swonk, chief economist for KPMG US, highlighting the harmful impact of inequality on economic growth. Real-world examples, such as Chipotles CEO noting the disproportionate effect of economic shifts on different income levels, are provided. The podcast also explores how lower-income families spend a larger portion of their income on essentials, making them more vulnerable to price increases. Experts express concern over the US economys reliance on a few narrow pillars of growth, raising questions about long-term stability and widespread prosperity.
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