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Stock impact report

The K-shaped economy is more split than ever — and it's showing up in groceries, credit cards, and the workplace [Business Insider]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Spencer Platt/Getty Images This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in K shapes are persisting across the economy, with a growing divide between lower- and higher-earning Americans. Disparities are popping up in everything from wages to spending on groceries. Even the job market has a K, as recent graduates face higher unemployment than the overall workforce. It's a bifurcated time in the American economy. Billionaires are hitting the vacation and social circuit, showing up everywhere from fashion week to the Super Bowl. Other high earners are doing well: They're booking increasingly snazzy premium seats on airplanes and spending thousands on their pets' grooming Meanwhile, America's lower- and middle-income earners are cutting back on their economy airplane seats, buying cheaper groceries, and getting worried about maxing out their credit cards. For the past few years, and in Show less Read more
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