The Boomers' Economic Oligopoly: A Silent but Powerful Force The notion of a K shaped economy, where wealth and growth diverge between the haves and have nots, has become a familiar refrain in recent years.
However, this narrative oversimplifies the complexities of economic inequality. Wall Street veteran Ed Yardeni points out that consumer spending is not driven by class, but rather generations.
The G shaped economy highlights the outsized influence of baby boomers on the US economy.