Estimated read time: 5-6 minutes KEY TAKEAWAYS

The K-shaped economy highlights economic disparity between high and low-income earners.

Higher earners benefit from stock and real estate growth while lower earners struggle.

Inflation and housing costs are top concerns for Utahns and Americans nationwide.

SALT LAKE CITY — To borrow a phrase made famous by Sesame Street, today's economy is brought to you by the letter K and the number 175,000.

Adopting letters as stand-in descriptors for economic conditions is a long-standing practice that includes L-shaped, a sharp decline followed by an extended period of stagnation. V-shaped, an abrupt dip followed by strong rebound. W-shaped, also known as the double-dip, wherein a recession is followed by a recovery, then a secondary decline. U-shap

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