A tale of two Ralphs — Lauren and the supermarket — shows the reality of a K-shaped economy
NeutralWorld Affairs
- This holiday season, experts are highlighting a K-shaped economy, where the disparity between high and low earners is increasingly pronounced, exemplified by contrasting consumer behaviors associated with luxury brands like Ralph Lauren and everyday supermarkets.
- The K-shaped model illustrates how different segments of the economy are recovering unevenly, impacting spending patterns and consumer confidence, particularly during critical shopping periods like the holidays.
- Amid economic uncertainties, including rising costs and tariffs, consumers are expected to spend less, reflecting a broader trend of cautious spending that underscores the challenges faced by many households in the current economic climate.
— via World Pulse Now AI Editorial System