K-Shaped Economy: Middle-Class Diners Struggle
Seattle News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Blue Star Cafe in Seattles Wallingford neighborhood closes after decades, reflecting a broader trend of middle-market businesses struggling in the K-shaped economy. High-end and discount stores thrive, while luxury yacht charters boom, as the top ten percent of earners drive nearly half of U.S. consumer spending. The economy remains shaky, with lower and middle-class folks unable to absorb hits and the rich fueling spending tied to stocks and assets.
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