Peter Atwater

In this engaging discussion, economist Peter Atwater, known for coining the 'K-shaped' recovery term, and Bloomberg reporter Catarina Saraiva explore the widening economic divide in the U.S. They analyze how the pandemic created diverging fortunes, with high earners thriving while lower-income households struggle. The conversation also touches on the fragility of a top-heavy economy, likening it to a Jenga tower. Additionally, they delve into the implications of concentrated spending and consider potential policies to address this growing inequality.

Peter Atwater, a behavioral economist and author known for his work on consumer confidence and the 'K-shaped' economy, joins the discussion on the impact of the government shutdown on air travel. Despite the Senate passing a deal, air travel remains disrupted due to staffing shortages and controller fatigue. Atwater sheds light on the widening economic divide, highlighting how white-collar workers’ confidence has rebounded while lower-income households struggle with inflation and financial strain, exposing the persistent K-shaped recovery in today's economy.

Peter Atwater, a behavioral economist and author known for his insights on economic sentiment, shares his expertise on the ongoing struggles in air travel amidst government shutdowns. He discusses the impact of air traffic controller shortages leading to mass cancellations. Atwater also delves into the K-shaped economy, exploring how it highlights growing inequalities in post-pandemic America, with some thriving while many struggle. His analysis reveals how conventional metrics like GDP overlook the financial hardships faced by lower-income households.