The "K-Shaped Consumer"

 

Mohamed A. El-Erian

@elerianm

This, from

@CNBC

, is another indication of the pressures facing US low-income households who have exhausted their pandemic savings and face high and rising debt — all of which makes it even more important to maintain the health of the labor market. #economy #inequality #econtwitter

2:02 PM · May 6, 2024

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