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[quote=Anonymous]WSJ: The Two-Speed Economy Is Back as Low-Income Americans Give Up Gains. “There are two economies in the U.S. right now, and they are moving in different directions. For high earners and many older Americans, the economy looks robust. They are still spending like gangbusters, and their 401(k) accounts and homes have soared in value. They nabbed 3% mortgages when rates were low. Some might worry about AI eventually coming for their jobs, but for now their positions look relatively secure.” … “ Now the gulf is widening again. For much of the past few years, wages for the bottom third of U.S. earners grew at a faster rate than for the top third, Bank of America data show. But since the start of the year, top earners have pulled far ahead.” https://apple.news/AdvVl2EdARRyOO9jGhoVgZw[/quote]
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