Skip to content
The Nexus
BUSINESSMay 1 · 16:04 UTCAXIOSNeil Irwin

K-shaped economy is real, per New York Fed research

The Federal Reserve Bank of New York confirms the existence of a K-shaped economy, where high-income households drive spending growth due to wealth gains from financial assets, while low-income households struggle with inflation. The divergence in spending patterns since 2023 highlights economic fragility and risks linked to market corrections.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned
Federal Reserve Bank of New YorkorganizationK-shaped economytopicFinancial assetstopicInflationtopicPandemic-era relief programstopicHigh-income householdsgroupLow-income householdsgroupTop 1% of earnersgroup
Spot something wrong with this article?Report a problem →
Forward this