The K-shaped economy is more split than ever — and it's showing up in groceries, credit cards, and the workplace

The K-shaped economy is more split than ever — and it's showing up in groceries, credit cards, and the workplace

Lower-earning Americans are cutting back on some grocery spending, while higher earners are buying meats and fruits. Spencer Platt/Getty Images K shapes are persisting across the economy, with a growing divide between lower- and higher-earning Americans. Disparities are popping up in everything from wages to spending on groceries. Even the job market has a K, as recent graduates face higher unemployment than the overall workforce. It's a bifurcated time in the American economy. Billionaires...