Home Business & Finance Just how K-shaped is the U.S. economy? The top 10% spend...
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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

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

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.

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. [Image text:] SARAS $49.90 ISALE $49.90 EXIT
U.S. (LOCATION) Bank of America (ORG)
Originally published by MarketWatch Read original →