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Economists Propose “Premium” Economy, Cite Housing Crisis.

5/26/2026

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Summary

Story summary

U.S. economists say the K-shaped model mischaracterizes the economy and propose a “premium economy” framework.
They note the upper-middle class grew from 10% of families in 1979 to 31% in 2024, earning $133,000-$400,000.
Nearly 40% of Americans do not own a home, with prices now five times the average median income.
Hilton CEO Chris Nassetta predicts a shift to a “C-shaped” economy with more evenly balanced consumer spending.

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Story summary

U.S. economists say the K-shaped model mischaracterizes the economy and propose a “premium economy” framework.
They note the upper-middle class grew from 10% of families in 1979 to 31% in 2024, earning $133,000-$400,000.
Nearly 40% of Americans do not own a home, with prices now five times the average median income.
Hilton CEO Chris Nassetta predicts a shift to a “C-shaped” economy with more evenly balanced consumer spending.