General World News

Americans with more education are optimistic about the economy. The rest aren’t.

nevada las vegas coronavirus unemployment

Summary List Placement

As the coronavirus pandemic disrupted life throughout 2020, economists debated the shape of the recovery from it. Would it be a V shape, a U shape, or even an L shape?

The answer that emerged was something different: A K shape, in which the well off recover like they’re in a V, and lower-income Americans never recover at all. President Joe Biden validated the diagnosis back in 2020, on stage during a presidential debate.

It stands to reason, therefore, that consumer confidence would follow the same K shape, but the results are nevertheless striking. details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com