K-Shaped Economy: Two-Tier Spending in America
The K-shaped economy is here: Wealthy Americans are spending freely while lower-income families are tightening their belts as inflation hits essentials like groceries and gas. Coca-Cola and McDonald's are already seeing the split, with premium brands and value menus both gaining traction. All eyes are on Friday's consumer price index report to understand how this divide will shape the future of spending.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.