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Shaped Economy: Spending, Jobs, Income, Credit
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Shaped Economy: Spending, Jobs, Income, Credit

1 min read

The K-shaped economy is growing more lopsided. Wealthy Americans splurge on travel and events; lower- and middle-income people cut back on groceries.

It's a bifurcated time in the American economy. Billionaires are hitting the vacation and social circuit, showing up everywhere from fashion week to the Super Bowl. Other high earners are doing well: They're booking increasingly snazzy premium seats ... [6249 chars]

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Source: Business Insider

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