Story perspectives

Economist Warns: 'K-Shaped' Economy Deepens Wealth Divide

2/18/2026

Summary

Story summary

Diane Swonk, economist, says corporate profits are at their highest level since World War II while worker compensation lags.
Swonk calls this a "K-shaped" economy, with the wealthy thriving while many struggle.
She notes consumer confidence declines and Americans feel division and betrayal.
The expiration of temporary health insurance subsidies in 2025 leaves many without support.
She emphasizes understanding the true economic landscape, which differs from stock market performance.

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Story summary

Diane Swonk, economist, says corporate profits are at their highest level since World War II while worker compensation lags.
Swonk calls this a "K-shaped" economy, with the wealthy thriving while many struggle.
She notes consumer confidence declines and Americans feel division and betrayal.
The expiration of temporary health insurance subsidies in 2025 leaves many without support.
She emphasizes understanding the true economic landscape, which differs from stock market performance.