Sep 15, 2014
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Standard & Poor’s hits U.S. income inequality

From an August 2014 report by S&P:

  • At extreme levels, income inequality can harm sustained economic growth over long periods. The U.S. is approaching that threshold.
  • Standard & Poor’s sees extreme income inequality as a drag on long-run economic growth. We’ve reduced our 10-year U.S. growth forecast to a 2.5% rate. We expected 2.8% five years ago.

For the report, see here.

For press coverage, see here.

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