I'm John Batchel. I welcome Elizabeth Peake, writes a column for the Hill,

column for Fox News news much on fox business

to comment on the american economy there's a very good evening to you thank you very much in conversation

these last days with a nursery keeper selling my favorite plants especially hydrangea and with a coffee shop making excellent lattes,

what I learned is something we've talked about before is just reinforced.

The K economy is doing very well and is spending money,

especially the part of the K economy that can be described as the boomer generation,

a great deal of confidence in their own portfolios, a great deal of confidence in the markets,

the wealth effect.

Also, they've got money to spend, even if they're retired.

That is the K economy.

That's the up bar.

For the down bar, anecdotes in all directions point to business as usual, but not a booming business the way we see with the K economy.

Is that generality still appropriate to the markets we're watching today? Good evening to you.

Good evening, John. I think that's right. I think everybody is talking about the fact that the higher end, which by the way,

always accounts for the bulk of spending in our consumer world, but that the higher income

Americans are doing quite well. And as you point out, they're inspired by truly unprecedented

stock market gains into feeling pretty flush.

And we've seen this before that during some of the Biden years,

when all the economic indicators seem to point

to lower consumer spending, spending held up

not only because of the residue of untoward

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