Recent earnings reports and consumer data show a bifurcation in the US that experts call a “K-shaped” economy. It means wealthy consumers do well and spend freely while lower- and middle-income people struggle and scrimp. In the US’ current market realities, that looks like: (1) The affluent doing very well along with the booming stock market and the appreciation of their homes in the inventory-crunched real estate market. (2) Nearly everyone else faltering due to a shaky job market, high interest rates, and/or inflation.
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