Economists Warn of Growing Economic Inequality and Ignorance

Moody's chief economist Mark Zandi warns: US economy is becoming ‘increasingly’ unequal

America's economy is increasingly divided, with the top 20% of earners now controlling nearly 60% of national spending. While their outlays surged, the bottom 80% are losing ground to inflation, sparking widespread financial frustration. This 'K-shaped' economy is fueling concerns about fairness and the accessibility of the American dream, particularly for essential workers and younger generations.

By TOI TECH DESK