Treasury Secretary Declares End to Economic Divide Despite Conflicting Data

By Jennifer Mattson · Fast Company · 2026-08-06

Treasury Secretary Scott Bessent is pushing back against the notion that American wealth is splitting into two distinct directions. Fast Company reports that while the administration credits recent tax cuts for boosting the bottom quarter of earners, independent analysts argue th

Treasury Secretary Scott Bessent is pushing back against the notion that American wealth is splitting into two distinct directions. Fast Company reports that while the administration credits recent tax cuts for boosting the bottom quarter of earners, independent analysts argue th