Why you keep hearing about a 'K-shaped economy' and 'stagflation'

Stagflation represents a scenario in which the nation faces rising inflation, rising unemployment, and stagnant economic growth all at once."The notion that it’s a 'K' makes it sound like low-end spending is going down. ...But that nuance of the proportion of the total gets lost," Head of U.S. Economics at Truist Mike Skordeles said, adding he prefers the term "two-speed economy."Household wealth remains concentrated at the top, with the highest-earning households driving a larger share of consumer spending ...