Business

How Income Inequality Is Hurting the Economy

The difference between "The Have A Lot" and "The Have Less" is growing to levels that can harm the U.S. economy, according to ratings agency Standard and Poor's. Income inequality is nothing new, but has skyrocketed in the years following the Great Recession as asset values grow on the top end and wages stagnate on the low to middle end. That's creating a challenge for the economy. Madeline Schnapp, director of economic research, at Property Radar:

Advertisement—Continue Reading Below

Share