The K-shaped economy maj 2026
America’s economy has been split in two for a long time. In 1989, households in the top 10% of earnings held 32% of America’s overall wealth, according to the Federal Reserve. By 2025, that number had climbed to 68%. There’s a name for the phenomenon: the K-shaped economy. The rich keep getting richer, and everyone else is getting left behind, at least by comparison. The K has gotten significantly wider recently – particularly over the past 3 years since the inflation crisis. But it’s not just about how much people make: It’s about what they own and how they spend their money. CNN 29 May 2026 https://edition.cnn.com/2026/05/29/business/why-americas-rich-keep-getting-richer What is a K-shaped economy? In the 1960s and ‘70s, the US had a robust middle class, and the national income distribution looked like a bell curve https://englundmacro.blogspot.com/2026/02/bessent-kill-line-and-k-shaped-economy.html Bessent, the ‘Kill-Line’ and the K-shaped economy US Treasury Secretary Scott Be...
