U.S. economy's K-shaped gap narrows
For years, America's economy has been defined by a "K-shaped" gap: The rich kept spending at a rapid pace, while everyone else struggled to keep up. That divide is suddenly narrowing.Why it matters: Economists warned that consumer spending growth was increasingly reliant on wealthy Americans, leavin
<p>For years, America's economy has been defined by a "K-shaped" gap: The rich kept spending at a rapid pace, while everyone else struggled to keep up. That divide is suddenly narrowing.Why it matters: Economists warned that consumer spending growth was increasingly reliant on wealthy Americans, leavin</p>