A look at BofA’s data shows the shape of the consumer economy is no longer a “K.” If we’re sticking with the alphabet theme, one might suggest an “E” is emerging.

A look at BofA’s data shows the shape of the consumer economy is no longer a “K.” If we’re sticking with the alphabet theme, one might suggest an “E” is emerging.

There are signs that middle-income households have slowed spending. This makes the K-shaped economy look more like the “jaws of a crocodile,” an expert says