You: "US economy is K shaped. You either become rich or end up poor."
Reality: "The vast majority of US income (78%) is earned by people outside the top 1%."
Reality: "The vast majority of US income (78%) is earned by people outside the top 1%."
https://www.statista.com/statistics/203247/shares-of-househo...
But Rich also account for majority of consumed goods purchased.
Also why did Travel, Entertainment and Food services suffered during post COVID recovery?
Why are McDonald's and other fast food joints that upped their price enjoyed a surge in value, when supply and demand tells otherwise.