Economics
Christmas Shopping Poised to Show Inequity in K-Shaped Recovery
- Holiday spending seen rising with boost from high-end shoppers
- Low-income households struggling with job losses, eviction
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This Christmas will be one of exorbitant spending and lavish gifts for many American families. It’ll also be one of tight budgets and difficulty putting food on the table for many others.
That’s the effect of the pandemic recession, which is exacerbating inequalities between the rich and the poor.