K-shaped Recovery Could Deepen US Class Divide, Warns Economist
TL;DR
Economist Peter Atwater warns that a persistent K-shaped recovery could create a caste-like divide in the US by widening gaps in asset ownership (homes and stocks) and opportunities for low-earning Americans; while he believes the split may eventually reverse if confidence rises and policy addresses the income gap.
Topics:businesseconomy#consumer-confidence#economy#homeownership#income-inequality#k-shaped-economy#wealth-ownership
- The economist who first warned of America's K-shaped recovery says this is his worst fear for the US Business Insider
- What Executives Are Saying About the ‘K-Shaped’ Economy The New York Times
- Welcome to the ‘E-shaped’ economy: BofA data shows consumer split between upper, middle, lower class Fortune
- K-shaped economy looks more like 'jaws of a crocodile,' economist says: What's widening the gap CNBC
- A K shape within a K shape? marketplace.org
Want the full story? Read the original reporting
Read on Business Insider