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A tale of a K-shaped economy

The holiday shopping season highlights a divide between affluent consumers and those trying to stretch their budgets.

Despite a Commerce Department report showing stronger-than-expected economic growth in the third quarter, inflation remains a far heavier burden for households lower on the income distribution.

Here & Now‘s Scott Tong speaks with The Los Angeles Times’ Caroline Petrow-Cohen.

This article was originally published on WBUR.org.

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