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America’s widening economic divide endangers Trump’s midterm hopes

Diverging fortunes of rich and poor have turned the economy from an asset to a liability for the US president

Donald Trump hits the road next week to sell his economic agenda as Americans are increasingly blaming him for what the data shows is a worsening affordability crisis.

Recent figures point to a pronounced “K-shaped” economy, as the weak jobs market and stubbornly high prices widen the difference between the top and lowest earners.

An Atlanta Federal Reserve analysis of Bureau of Labor Statistics data shows that, after years of above-trend growth, pay for America’s lowest earners has slowed more sharply than for the highest — erasing much of the progress made during the past decade in closing the gap.

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