Bank of America data reveals a stark K-shaped economy as higher-income Americans spend 2.6% more while lower-income ...

The K-shaped economy is no longer a niche term from academic seminars, it is the shorthand economists now use for a split reality in which one slice of America races ahead while another falls behind.

Labor markets are where the K-shaped pattern becomes most visible. Zandi has been warning that the United States is on the "precipice of recession," with the key question being whether the slowdown in ...