Home

The US economy continues to recover from the Great Recession. The recovery, though, reflects the inequality in wealth. All wealth classes had decreased net worths, but only the wealthy have seen an increase (7%) over the pre-recession levels. Middle class has returned to the same level, and the lower class has seen a drop (11%). Phrase that as the rich get richer and the poor get poorer, or as increasing wealth inequality, it argues against the philosophy that a rising tide lifts all boats. One consequence of the recession is that every class is reducing debt, but the poorer a person is, the more likely their assets fell more than their debt.

(Click on the chart for the link.)

Advertisements

One thought on “Wealth Gap Affects Recovery

  1. Pingback: Data That Matters December 2015 | Pretending Not To Panic

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s