Income Inequality May Take Toll on Growth

WASHINGTON — Income inequality has soared to the highest levels since the Great Depression, and the recession has done little to reverse the trend, with the top 1 percent of earners taking 93 percent of the income gains in the first full year of the recovery.

    The yawning gap between the haves and the have-nots — and the political questions that gap has raised about the plight of the middle class — has given rise to anti-Wall Street sentiment and animated the presidential campaign. Now, a growing body of economic research suggests that it might mean lower levels of economic growth and slower job creation in the years ahead, as well.

    Keep reading: Income Inequality May Take Toll on Growth – NYTimes.com.

    Did you like this? Share it:

    Subscribe

    Speak Your Mind

    *


    *

    %d bloggers like this: