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What’s the Reason Behind the K-Shaped Economy?

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VOCABULARY & EXPRESSIONS

inequality gap: 불평등 격차
It pretty much describes the country’s worsening inequality gap.

classified: 주제별로 분류된
recession: 경기 후퇴
Economies can be classified in a few different ways as they rebound from a recession.

splurge: 돈을 물 쓰듯 쓰다
The K-shaped recovery explains how high income consumers continue to splurge on luxury goods, homes and travel, all while keeping their jobs during the pandemic.

spectrum: 범위
groceries: 식료품
Consumers on the lower end of the spectrum are struggling to afford basic necessities like housing and groceries.

wealth concentration: 부의 집중
A key measure of wealth concentration, or the amount of wealth held by a select few, is sitting at a 60 year peak.

disrupt: 방해하다
And outside of politics, AI will likely disrupt who will get well-paying jobs.

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