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Just how K-shaped is the U.S. economy? The top 10% spend nearly as much, excluding essentials, as bottom 70% combined

Economy MarketWatch By Steve Goldstein 07 Jul 2026 10:19 1 min read
Just how K-shaped is the U.S. economy? The top 10% spend nearly as much, excluding essentials, as bottom 70% combined

The gulf between the rich and everyone else is laid out in a stark analysis done by Bank of America’s economists on household spending.

The gulf between the rich and everyone else is laid out in a stark analysis done by Bank of America’s economists on household spending.

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