Lower-income Americans hit hardest by gas price spike, widening inequalities, study finds
https://apnews.com/article/gas-prices-incomes-spending-e68bb33d407859195cd0e383750a8d06
Posted by burtzev
Lower-income Americans hit hardest by gas price spike, widening inequalities, study finds
https://apnews.com/article/gas-prices-incomes-spending-e68bb33d407859195cd0e383750a8d06
Posted by burtzev
4 Comments
>The figures suggest the gas-price surge has worsened what many economists call the “K-shaped economy.” The K-shape label refers to upper-income Americans continuing to do well while lower-income households fall behind. The disparate outcomes can help explain the generally gloomy attitude most Americans have toward the economy even as headline figures, such as the unemployment rate and economic growth, remain mostly solid.
Wow, so people with less money have a harder time when prices increase? Would never have imagined this. Glad someone commissioned a study on this.
Did they also find that water is wet?
