NYC's 'K-Shaped' Economy

Greg David, contributor covering fiscal and economic issues for THE CITY and director of the business and economics reporting program and Ravitch Fiscal Reporting Program at the Newmark Graduate School of Journalism, and Nancy Jiang, journalism student and summer intern for The City Reporter, talk about the effects of NYC's "K-shaped" economy, with growing numbers of the very wealthy and the people qualifying for SNAP benefits. Plus, Greg explains the current turmoil in the bond market.

Photo: An EBT sign is displayed on the window of a grocery store on October 30, 2025 in the Flatbush neighborhood of the Brooklyn borough in New York City. (Michael M. Santiago/Getty Images)

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