Bessent says K-shaped economy is 'over'

"Widening Wealth Gap: The Rise of the 'K-Shaped' Recovery A growing trend in economic analysis has shed light on a stark reality: the current economic recovery is leaving many low-income Americans behind. Dubbed the 'K-Shaped' recovery, this phenomenon describes the uneven distribution of economic gains, where high-income earners are thriving while low-income households struggle to keep pace. The term, which originated from the letter 'K' representing the shape of the recovery curve, highlights the widening wealth gap between the haves and have-nots. As policymakers grapple with the implications of this trend, a closer look at the factors driving the 'K-Shaped' recovery is essential to understanding the future of economic prosperity in the United States."

The letter "K" has become a popular way to describe uneven economic outcomes between high- and low-income Americans.