Story perspectives

K-Shaped Economy: Wealth Divide Sparks Crisis Concerns

11/19/2025

Summary

Story summary

Experts say the U.S. economy is increasingly K-shaped, with wealth at the top and hardship for others.
Economists Sebnem Kalemli-Özcan and Lucia Dunn warn the shrinking middle class risks a broader crisis.
Recent data show a rise in loans among financially weaker Americans, signaling growing strain.
U.S. President Donald Trump addressed the affordability crisis, blaming the Biden administration.
He promised relief, and polls show some supporters skeptical.

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Story summary

Experts say the U.S. economy is increasingly K-shaped, with wealth at the top and hardship for others.
Economists Sebnem Kalemli-Özcan and Lucia Dunn warn the shrinking middle class risks a broader crisis.
Recent data show a rise in loans among financially weaker Americans, signaling growing strain.
U.S. President Donald Trump addressed the affordability crisis, blaming the Biden administration.
He promised relief, and polls show some supporters skeptical.