Bank of America data shows lower-income wage growth hit 4.1% in June 2026, nearly matching higher earners at 4.2%, as the K-shaped economic gap

A surprising trend has been showing up in Bank of America accounts over the past few months: The gap between America’s wealthy and poor appears to be narrowing.

This morning, we’ll look at whether the K-shaped economy is turning C-shaped, with low-income wage growth catching up. Is the evidence enough?