How a ‘K-Shaped’ Recovery Is Widening U.S. Inequality

The wildly uneven recovery in the U.S. economy since Covid-19 began wreaking havoc in early 2020 has given inequality a new shape: K. While nearly 11 million people were unemployed as of November, many other Americans had grown wealthier thanks to surging stock and house prices, spurring the term the “K-shaped recovery.”