New Delhi, June 30 -- The US economy is expected to maintain its growth momentum through the remainder of 2026, supported by resilient consumer spending and an improving labour market. However, the recovery is becoming increasingly uneven, with higher-income households continuing to drive economic activity while lower-income consumers grapple with rising living costs, weaker labour market conditions and elevated borrowing costs, according to a research report by BofA Securities.

BofA Securities said the US economy has evolved into a "K-shaped" economy, where the financial health and spending patterns of higher-income households are masking the underlying stress faced by lower-income consumers. The report estimates that the top 10 per cen...