Two grim realities are keeping the K-shaped economy alive
Inflation is disproportionately slamming lower-income workers, while the top of the income distribution has benefited from roaring stock prices.
Michael Nagle/Bloomberg via Getty Images
- New research provides insights into what's been powering the US's K-shaped economy.
- Lower earners are affected more by inflation and gas prices.
- Many of them also don't get to benefit from the stock market, unlike higher earners.
The prongs of the K-shaped economy are being propped up by two dreary economic realities...