Iran Impact Hitting Those at Bottom of 'K-Shaped Economy Hardest, Says Peter Atwater

Bloomberg
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Iran Impact Hitting Those at Bottom of 'K-Shaped Economy Hardest, Says Peter Atwater
Bloomberg
Written by Bloomberg
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Peter Atwater, president of Financial Insyghts, said that fallout from the Iran war is 'disproportionately' impacting those at the bottom of the 'K-shaped economy' as Americans feel the crunch of higher energy prices. Atwater says that the US has a 'Downton Abbey' economy, where those at the top can get anything delivered and prepared by others and don't see what is happening below.

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