K-Shaped Economy: Reality Or Media-Driven Perception

“What the K-shaped economy gets right, what it exaggerates, and what believing the worst version is costing a generation.”The bottom half of American households owns about 2.5% of the nation’s wealth. That number is real, and it ought to bother you. However, that number is also higher than it was in 2019 and 2015, and roughly six times higher than the 0.4% low it hit in 2011. You will not read that in many places because it doesn’t “fit the narrative.”Unfortunately, the K-shaped economy headlines have settled into a single unvarying note, and after a while, people stop hearing anything...