How Energy Scarcity Is Reshaping the Global Economy

Widening K-shaped economy pattern across income groups

The U.S. is showing signs of a "K-shaped" economy with spending among lower-income consumers showing little growth in comparison to their higher-income counterparts, a new analysis from the Bank of America Institute shows.Internal data detailed in the report showed that in November the three-month average of total card spending reflected a K-shaped pattern as the holiday season began in earnest."In terms of overall credit and debit card spending…

The K-shaped economy of the rich doing fine and everyone else struggling is back — and it could mean a rocky 2026

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Millions of Americans will struggle with K-shaped economy in 2026 — should you be worried?

The divergence in the recovery of income levels of the poor and the rich is likely to keep growing.

How Energy Scarcity Is Reshaping the Global Economy

Recently, many people have begun talking about the US having a k-shaped economy. In it, a handful of wealthy people are doing very well financially, while many others are falling further and further behind. I expect that the low wages of the majority of workers will soon lead to adverse impacts on businesses, governments, and international organizations. This phenomenon is likely to lead to a very uneven world economic downturn in 2026. The worl…