Business

Economic Recovery in the U.S.

Updated 2026-08-11 16:10 UTC 1 source Positive

The U.S. economy's K-shaped gap is narrowing, with consumer spending growth improving across different income groups. Economists see this as a positive sign for overall economic health.

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Axios

U.S. economy's K-shaped gap narrows

For years, America's economy has been defined by a "K-shaped" gap: The rich kept spending at a rapid pace, while everyone else struggled to keep up. That divide is suddenly narrowing.Why it matters: Economists warned that consumer spending growth was incr

2026-08-11 16:01 UTC