Why The Economy Looks Great To Boomers, But Miserable To Gen Z
Talk of a “K-shaped economy” took off during the pandemic recovery. Economist Peter Atwater popularized the term in the spring of 2020 to describe an economy in which higher-income households and asset owners bounced back while lower-paid workers and struggling businesses fell further behind. Six years later, Ed Yardeni, president and chief investment strategist at Yardeni Research, sees another split, this one by age. Older people are richer than younger people. Of course they are. They’ve had more time to earn, save and buy things. What’s unusual now is how much the economy rewards having already done those things. Stocks [See More…]
















































