Hurray for Upscale
If you have been paying any attention at all to economic news the past few years you might be familiar with the term "K shaped" economy. The top part of the K represents roughly the top 20% of families (really 10%) with the income that account for about 60% of all spending. As you might guess, the bottom of the K represents the other 80% - lucky us who get to divvy up the other 40%. I'm sure I wasn't the first to notice this but I bet I was earlier than most - and I can prove it. Here is a post from 2022 - and it had been bugging long me before that! (Things apparently haven't changed much for us proletariat in the intervening years.) America's Economy - of the 20%, by the 20%, for the 20% . . . Dateline: April 2022 Upscale home you want for $500,000 . . . Have you thought much about the adjective "upscale?" as it's used today? Probably not - why would you?! - but a couple recent articles in the Minneapolis Star Tribune got me thinki...