With the recent stock market downturn, I think a split in the economy is possible

I'm in engineering, and right now we have a lot of orders. In general, however, there is a lot of split in the economy. As institutions are pulling their money out, that means the general public, which doesn't have a lot of disposable cash, is going to be hit. I could imagine, the top 10% or maybe top 30% could be doing fine, but everyone else is going to be struggling. With the decreasing demand, and the lower orders, there could be a lot of supply chain shutdowns. This, coupled with the droughts on the east coast, could really increase food prices. Interest rates are high, some industries are really struggling, but the engineering sector is doing fine. With high interest rates, and the general public not having the money to maintain current spending levels, there could be a big split in the economy in that some people are doing fine, but others really struggle.