# Bessent says K-shaped economy is ‘over’

- URL: https://talkfuse.com/story/bessent-says-k-shaped-economy-is-over/
- Published: 2026-08-08T17:54:03+00:00
- Updated: 2026-08-08T19:16:46+00:00
- Original publisher: The Hill (publisher lean: Right)
- Original article: https://thehill.com/business/6018058-scott-bessent-us-economy-defense/
- Topics: Business, Economy, Politics

## Key points

- Bessent says the K-shaped economy has ended.
- He cites stronger wage growth for low earners.
- Critics say inequality and cost pressures persist.

## Summary

US Treasury Secretary Scott Bessent said the “K-shaped” economy is over, arguing that the divergent fortunes of wealthy and lower-income Americans are beginning to converge. The claim matters because the term has become a widely used description of an economy in which asset owners and higher earners benefit while many households face persistent pressure from everyday costs.

Bessent said the economy was becoming “C-shaped”, citing faster wage growth among the lowest-paid workers than among the highest earners. Critics and recent reporting have pointed to continuing disparities: the top 20 per cent of households accounted for nearly 60 per cent of consumer spending in the first quarter, while lower-income Americans remain especially exposed to costs such as food, fuel and rent.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.