The “K-Shaped” Economy: Why the Middle Class Is Getting Crushed
Stock prices are up, home prices are high, gold, silver, and bitcoin have all had major bull runs. But the average American is broke. This is the “K-shaped” economy.
If you feel like it’s harder to get by and the barrier to entry to invest is rising, you’re not going crazy. We’re in a new economy—a “K-shaped” economy—where those who own assets see their net worth soar as the middle class and average Americans watch their bank accounts shrink. This is not the place Americans want to be in right now, and the delicate balance that holds up our entire economy could fall apart sooner than we…
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