The K-shaped economy isn't dead yet

The economy keeps getting called new letters. Javier Zayas Photography/Getty Images The shape of the economy, and which letter best describes it, has become a point of contention. Treasury Secretary Scott Bessent said the K shape is over, and the C shape is in. In a K-shaped economy, higher earners see their fortunes grow while lower earners experience the opposite. Is the economy still K-shaped? The label came into vogue to describe an economy where the rich keep pulling ahead while the poor…