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, while inflation has manifested prominently in higher grocery and restaurant prices.
