Economists agree: You’re not crazy for feeling like the rich get richer, and the poor are doing worse. Welcome to the ‘K-shaped economy’

Economists are increasingly recognizing the emergence of a "K-shaped economy," where the wealthy are experiencing significant gains while lower-income individuals face worsening conditions. This disparity is highlighted by data showing that the top 10% of earners account for nearly half of consumer spending, exacerbating income inequality and reflecting long-standing trends that have intensified since the pandemic. Understanding this economic divide is crucial as it influences consumer behavior and overall economic resilience, raising concerns about the sustainability of growth driven by a small segment of the population.