Having a college degree still matters for being one of the wealthier Americans, New York Fed says

America’s economy is increasingly one of haves and have-nots. The already wealthy are generally feeling the good times, while lower-income households are hit by inflation and a slow hiring market. It’s been termed a K-shaped economy, and depending on which metrics you look at, it’s been around for a while.

Economists have cited a variety of factors over the past year to determine that today’s economy is one mostly driven by inequality, including rising stock prices and home values primarily benefiting wealthier Americans...