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Just how K-shaped is the U.S. economy? The top 10% spend nearly as much, excluding essentials, as bottom 70% combined

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Just how K-shaped is the U.S. economy? The top 10% spend nearly as much, excluding essentials, as bottom 70% combined

The gulf between the rich and everyone else is laid out in a stark analysis done by Bank of America’s economists on household spending.

Just how K-shaped is the U.S. economy? The top 10% spend nearly as much, excluding essentials, as bottom 70% combined

Source：MarketWatch

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Source：https://www.marketwatch.com/story/just-how-k-shaped-is-the-u-s-economy-the-top-10-spend-nearly-as-much-excluding-essentials-as-bottom-70-combined-94a3a918