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Making billions v making ends meet: how the pandemic has split the US economy in two – The Guardian

The wealth of US billionaires has soared since mid-March while those on unemployment have seen a lifeline cut off, sparking what some are calling a K-shaped split

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Its only a hundred miles from Manhattan to East Hampton but as the city swelters the Long Island town can seem a world away. Cool Atlantic breezes take the heat off long summer days spent on its miles of white, soft sand beaches. High-priced farm stands provide heirloom tomatoes, peaches and arugula to summer visitors and the mansions of the financial titans and the celebrities, including Beyoncé and Jay-Z, Julianne Moore and Robert Downey Jr, who summer there.
Nor does the coronavirus pandemic…

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