K Pop

“Even more alarming is how reliant the economy has become on spending binges by the richest Americans … The ‘K-shaped’ economy is back, where there’s a clear divergence between how the top and the bottom are faring. Businesses understand this. It’s why credit card companies have introduced even more exclusive credit cards this summer with higher fees, all-inclusive resorts are debuting $1,000-a-night experiences, and luxury car brands such as Porsche and Aston Martin have been among the first automakers to raise prices, because their clientele is less likely to push back. Any company that can is trying to go “upmarket” as much as possible in this environment.” WaPo (Gift Article): The economy is cracking. This trend is most alarming. (Don’t be alarmed. Just buy more Ks…)