Treasury Secretary Scott Bessent stated that the U.S. economy is no longer in a 'K shape,' which refers to the growing financial inequality between high- and low-income households. This declaration comes as many Americans express concerns regarding affordability.
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Treasury Secretary Bessent Declares End of K-Shaped Economy
Treasury Secretary Scott Bessent announced that the U.S. economy has moved beyond the 'K-shaped' recovery, which highlighted financial disparities between different income groups. This statement is made in the context of ongoing affordability concerns among Americans.
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Bessent said the K-shaped economy 'is over.' Here's what financial experts say
Treasury Secretary Bessent Declares End of K-Shaped Economy