Episode 012. What the 'K' is Going on?

Markets and portfolios are keeping top earners spending, while many paycheck-to-paycheck households fall behind as prices have risen faster than wages since COVID.

Chapters

00:00 - K Shaped Setup

01:59 - Income Deciles Breakdown

02:38 - Where Money Comes From

03:29 - Spending Essentials Gap

04:50 - Who Drives Consumption

06:02 - Affordability Poll Reality

07:45 - Wages Versus Inflation

09:27 - Stocks Versus Sentiment

12:45 - Can Policy Fix It

14:42 - Fed Limits Fiscal Trap

20:08 - If Markets Roll Over

24:44 - Social Unrest Risk

28:28 - Advice For Leaders

30:17 - Deficits And Inflation Loop

33:03 - Wrap Up

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