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Article Market Watch

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

Market Watch July 7, 2026 · 10:19 am Read Original
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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.

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Article Info
Source Market Watch
Published Jul 7, 2026 · 10:19 am
Article ID 03j191n
Original URL Open source
Sentiment Signal
Neutral 0.0
−100Neutral+100
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