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Economics3h 43m ago
The K-shaped economy has become shorthand for a tidy story. The rich pull away while everyone else falls behind.
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U.S.
Who
Lance Roberts via RealInvestmentAdvice.com
What
The K-shaped economy has become shorthand for a tidy story. The rich pull away while everyone else falls behind.
When
Fri, 12 Jun 2026 17:00:00 GMT · 3h 43m ago
Where
U.S. ·
Why
The middle class grew by climbing into higher brackets, not because they slid into poverty, but wealth concentration remains.
The Frontline Impact
How this affects you
The middle class in the U.S. has shrunk, but this is primarily due to households moving into higher income brackets rather than falling into poverty. However, wealth is increasingly concentrated, with the top 10% of households holding about 67% of total household net worth as of Q4 2024, showing a significant divide in asset ownership.
Story chain
3 events in this thread- Economics3h 43m agoThe K-shaped economy has become shorthand for a tidy story. The rich pull away while everyone else falls behind. It fits the mood, and it makes for a sharp headline. The problem is that it’s mostly wrong. When you pull the actual Census data, the dominant move of the last half-century isn’t down. It’s up. Yes, the middle class is shrinking. But it’s shrinking because millions of households climbed into higher brackets, not because they slid into poverty.Open article
- Economics3h 43m agoThe K-shaped economy has become shorthand for a tidy story. The rich pull away while everyone else falls behind.Open article
- Currently Reading3h 43m agoThe K-shaped economy has become shorthand for a tidy story. The rich pull away while everyone else falls behind.