Income Inequality: Difference between revisions
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[https://fivethirtyeight.com/features/economic-inequality-continued-to-rise-in-the-u-s-after-the-great-recession/ by Ben Casselman and Andrew Flowers 4/9/14 FiveThirtyEight] | [https://fivethirtyeight.com/features/economic-inequality-continued-to-rise-in-the-u-s-after-the-great-recession/ by Ben Casselman and Andrew Flowers 4/9/14 FiveThirtyEight] | ||
In the three years following the end of the Great Recession, the typical American family’s income declined 5 percent, its wealth fell 2 percent, it saved no more for retirement, and it was saddled with even more student debt. The only households to see income gains were the highest earners, and the gap between the wealthiest and the poorest widened. | In the three years following the end of the Great Recession, the typical American family’s income declined 5 percent, its wealth fell 2 percent, it saved no more for retirement, and it was saddled with even more student debt. The only households to see income gains were the highest earners, and the gap between the wealthiest and the poorest widened. | ||
=====The Rising Costs of U.S. Income Inequality===== | |||
[https://www.huffpost.com/entry/us-income-inequality-costs_b_6249904 by Laura Tyson 6/12/17 HUFFPOST] | |||
BERKELEY, Calif. - During the last several decades, income inequality in the United States has increased significantly -- and the trend shows no sign of reversing. The last time inequality was as high as it is now was just before the Great Depression. Such a high level of inequality is not only incompatible with widely held norms of social justice and equality of opportunity; it poses a serious threat to America's economy and democracy. | |||
