Why the Widening Wealth Gap Is Bad News for Everyone


The one-two punch of the worst health crisis and economic downturn in decades has brought to the fore an issue that has been simmering for decades: an increasing income and wealth disparity among Americans. This widening gap has long-term economic implications and threatens the sustainability of the stock market’s recovery.

This isn’t a fringe idea: Federal Reserve Chairman Jerome Powell noted that the current downturn “has not fallen equally on all Americans,” and in congressional testimony this past week he warned that…



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