Scott Bessent Says the K-Shaped Economy Is Over, Americans Disagree

6 Aug 2026 · 1 min

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Treasury Secretary Scott Bessent claims the K-shaped economy is over. TJ Walker says Americans still can't afford groceries, insurance, or housing. Bessent's optimism doesn't match what people actually pay for.

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Donald Trump's billionaire Treasury Secretary Scott Bessent has announced that the K-shaped economy is over. That's fantastic news. Can someone please tell literally everyone except Scott Bessent? Because my grocery store didn't get the memo. My insurance company didn't get the memo. The guy asking $950,000 for a starter home definitely didn't get the memo. Apparently, the only person who thinks affordability has been solved is the billionaire in charge of telling us affordability has been solved. That's like a guy on a private jet saying, I don't understand why everyone's upset about baggage fees. Now, to be fair, Scott Bassett actually has an argument. And unlike cable television, we're going to give him the strongest version of that argument before we disagree with it, because that's what honest people do. Ultimize.