POPA ReconThe K-shaped economy -> same economy producing 2 completely different realities
The K-shaped economy -> same economy producing 2 completely different realities The U.S. economy has diverged since 2020 based solely on asset ownership The top 10% holds 93% of stocks riding the upper arm through S&P all-time highs, 50% home-price gains The bottom 50% (owning just 1-2.5%) slide down the lower arm amid homes costing 7x income and high rents Source
The excerpt is quoted from a public Telegram channel, which owns its text.