The “K-Shaped” Reality: Who Is Actually Driving the U.S. Economy?
the staff of the Ridgewood blog
Ridgewood NJ, If you’ve looked at recent economic reports and wondered why the “strong consumer spending” data doesn’t match what you’re seeing at your local grocery store, you aren’t alone. A recent deep dive by the New York Federal Reserve reveals a stark divergence in the American economy—a “K-shaped” spending trend that is splitting the country in two.
Continue reading The Spending Myth: Why the NY Fed Says Only One Group is Fueling the Economy
