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Bessent said the K-shaped economy 'is over.' Here's what financial experts say

PBS NewsHour August 12, 2026 1 views
Bessent said the K-shaped economy 'is over.' Here's what financial experts say

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At a time when many Americans remain stressed about affordability, Treasury Secretary Scott Bessent has declared that the U.S. economy is no longer in a "K shape," a term used to describe increasing financial inequality between high- and low-income households.

<small>Source: PBS NewsHour — read the original story there.</small>

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