Bank of America Identifies K-Shaped Consumer Divide as Inflation Persists

Yahoo Finance reports that Bank of America has identified a widening gap between wealthy and lower-income households, describing the current environment as two separate economies. While overall spending remains high enough to stave off a recession, the gains are concentrated amon

Yahoo Finance reports that Bank of America has identified a widening gap between wealthy and lower-income households, describing the current environment as two separate economies. While overall spending remains high enough to stave off a recession, the gains are concentrated amon