The Missing Middle Podcast If We’re Not in a Recession… Why Does It Feel Like One?
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Mar 4, 2026 They unpack the K-shaped split where the top 20 percent ride stock and investment gains while many struggle with soaring housing and living costs. Young people’s lack of asset exposure and parental wealth advantages get spotlighted. Rising food bank use and why GDP headlines feel disconnected from everyday reality are also explored.
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K Shaped Economy Splits Winners And Losers
- The K-shaped economy means some groups thrive while others decline simultaneously.
- Mike Moffatt explains one arm rises (finance, stocks, corporate profits) while another falls (younger, manufacturing, wage‑stagnant workers).
Top 20 Percent Own Two Thirds Of Wealth
- Wealth concentration is extreme: the top 20% hold about two thirds of Canada’s wealth while the bottom 40% hold just over 3%.
- Sabrina Maddeaux notes the top’s gains come from booming financial assets younger people largely lack.
Asset Types Drive Diverging Wealth Trajectories
- Asset composition differs by wealth: the rich hold financial assets that compound with market gains while the bottom 40% are tied to primary residences.
- Mike Moffatt highlights stocks and pensions versus single‑asset home exposure.