US Economy Shows K-Shaped Recovery, Top 10% Outspend Bottom 70%

A stark analysis by Bank of America economists reveals the K-shaped nature of the U.S. economy, with the top 10% of households spending nearly as much as the bottom 70% combined, excluding essentials.

7 Jul, 10:19 — 7 Jul, 10:19

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marketwatchMostly Factual51d ago

Just how K-shaped is the U.S. economy? The top 10% spend nearly as much, excluding essentials, as bottom 70% combined

The gulf between the rich and everyone else is laid out in a stark analysis done by Bank of America’s economists on household spending.

By Steve Goldstein

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US Economy Shows K-Shaped Recovery, Top 10% Outspend Bottom 70%

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Just how K-shaped is the U.S. economy? The top 10% spend nearly as much, excluding essentials, as bottom 70% combined

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