The K-Shaped Economy Deepens Economic Divides
TL;DR Summary
The US economy showed strong GDP growth of 4.3% in Q3, driven by consumer spending and corporate profits, but this growth is not supported by job creation or income increases, leading to concerns about a K-shaped recovery where the wealthy benefit while lower-income households face stagnation and financial pressure, raising questions about the sustainability of this growth.
Topics:business#consumer-spending#economy#gdp-growth#income-stagnation#jobless-growth#k-shape-recovery
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- When Did Everything Become ‘K-Shaped’? The New York Times
- Consumer spending powers the US economy. A K-shaped economy will further test this dynamic in 2026. Yahoo Finance
- A tale of two Ralphs — Lauren and the supermarket — shows the reality of a K-shaped economy Los Angeles Times
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