Rising corporate profits, falling wages drive K-shaped economy

If you aren't yet familiar with the term "K-shaped economy," it will become inescapable in 2026, according to a new report from Bank of America. A K-shaped economy is a situation in which, following a downturn, the economy recovers in an unequal manner. Specifically, higher-income employees and industries thrive due to rising asset prices, while lower-income employees and industries are burdened with inflation, debt, and weak growth. The K-shaped economy is the latest financial buzzword for a reason: Mu ...