Economics
🇺🇸 USA Edition ✦ Premium ⏱ 10 min
America’s Splintering Expansion: Jobs, Spending and the New Arithmetic of Inequality
The U.S. economy still looks sturdy in the aggregate, but its supports are unevenly distributed: payrolls are growing, spending has held up, and the dollar remains unusually strong. Beneath that composure, however, lie familiar fault lines—slower hiring, fragile consumer confidence, recurring debt-ceiling brinkmanship and an income gap that increasingly defines who feels the recovery and who merely hears about it.