Retail

    A woman looks down at a shelf of food while leaning on a grocery cart.

    Economist behind K-shaped economy sees a ‘sea of despair’ for the bottom 90% and a ‘crisis of confidence’ in the American dream

    “At the bottom, this mindset develops where they recognize that they may never win, but that doesn’t mean, ‘I can’t help you lose,’” Peter Atwater said.

    November 13, 2025

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