Michael Normile

Michael Normile, a market analyst at NASDAQ, digs into the widening wealth gap and its impact on consumer behavior. He explains the K-shaped economy, where affluent households thrive on asset gains while lower-income families face financial strain. Normile details how inflation hits essentials harder for those struggling and highlights trends in spending shifts. He also discusses rising debt pressures on the less affluent and the new trend of earlier investing in lower-income groups. The conversation touches on the broader implications of inequality on housing and financial mobility.