Two grim realities are keeping the K-shaped economy alive

New research from the Federal Reserve Bank of New York reveals that lower-income earners are disproportionately affected by inflation and rising gas prices, while higher earners benefit from stock market gains. This economic disparity is sustaining a K-shaped economy where lower-income individuals struggle to improve their financial status due to increased living costs and limited access to investment opportunities.

Read the full article at Business Insider

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