
Analysis Questions US Recession Risk Without Super-Rich Spending
New data challenges the 'K-shaped economy' narrative, suggesting that fears of a US recession without the spending of the super-rich may be overstated, as overall consumer spending is not solely dominated by the wealthy.
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Would America be in recession without the super-rich?
Fears of a “K-shaped economy” in the US may be overstated, as data shows spending is not dominated solely by the wealthy, challenging a popular narrative
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