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Bessent said the K-shaped economy ‘is over.’ Here’s what financial experts say
At a time when many Americans remain stressed about affordability, Treasury Secretary Scott Bessent has declared that the U.S. economy is no longer in a “K shape,” a term used to describe increasing financial inequality between high- and low-income households.
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Is the K-shaped economy over?
“The K-shaped economy is over,” Treasury Secretary Scott Bessent declared on CNBC last week. Economists say the evidence is mixed at best.
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The end of the K-shaped economy — or not
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?
