Luxury travel booms while microloan demand rises, signaling a "K"-shaped economic recovery with stark income bracket divergence.
America's economy is divided with luxury travel booming, while demand for microloans increases for cash-strapped individuals. This "K"-shaped recovery suggests a growing income bracket bifurcation, with some brands catering to wealthy customers performing well, while others focused on lower-income consumers struggle. The differing economic realities for various income levels could have implications for the Federal Reserve and everyday Americans.
May 10, 2024
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