
U.S. Treasury Secretary Claims the K-Shaped Economy Has Ended and a “C-Shaped” Ecosystem Is Taking Shape
U.S. Treasury Secretary Scott Bessent said publicly this month that the K-shaped economy has “become a thing of the past,” arguing that a “C-shaped economy” is now taking shape, with lower-income consumers regaining growth momentum. Bessent made the remarks in an interview. He cited rising wages among low-income groups, the “no tax on tips” and “no tax on overtime” policies advanced by the Trump administration, as well as more aggressive tax cuts this year. Definitions of the Main Letter-Shaped








