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Significantly, the U.S. consumer landscape shows divergent patterns among various segments of the population. There’s a pronounced gap between lower and middle-income households struggling with stagnant wages and diminishing purchasing power and wealthier demographics enjoying financial stability.
The concept of a K-shaped recovery presents a stark picture: while certain sectors and demographics thrive, others grapple with economic uncertainties. Kaplan noted that this disparity could be further exacerbated by policies aimed at limiting immigration, impacting workforce availability and economic productivity.