Moody's Warns of Persistent K-Shaped Economic Divide in the U.S.
Moody's Analytics chief economist Mark Zandi has warned that the U.S. economy remains deeply divided along income lines, with affluent households driving most consumer spending while lower and middle-income consumers struggle. This 'K-shaped' economic divide is seen as a central tension affecting overall market stability.
Topics: consumer spending economic recovery income inequality K-shaped economy