“The K-shaped economy—with the well-to-do thriving and everyone else lagging—remains firmly intact,” (Mark Zandi) Citing Fed data, “outlays by earners of $200,000 grew an estimated 6.5%. Meanwhile, outlays by those in the bottom 80% were unchanged after inflation.” stocks.apple.com/A6DfhTXqBTM-...
Scott Bessent just declared the K-shaped economy is over, saying he’s ‘sick of hearing about’ it—but the data would beg to disagree — FORTUNE
August 5, 2026, 7:47 AM ET Treasury Secretary Scott Bessent in the Oval Office, July 21, 2026. Scott Bessent has some good news for consumers this morning: The K-shaped economy is officially over! Con...
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