Costco Earnings Highlight K‑Shaped Split in Consumer Spending
Membership-based wholesale retailer Costco’s latest earnings spotlighted a growing K-shaped divide among its shoppers.
TL;DR
- Costco's latest earnings illustrate a K-shaped economic divide.
- This divide represents a divergence between high- and low-income households.
- The 'upper arm' of the K symbolizes flourishing high-income households.
- The 'lower arm' of the K signifies declining low-income households.