Even S & P is Worried about Income Inequality

This story from earlier in the week at the Atlanta Journal Consitution merits widespread attention. Standard & Poors, not exactly a lefty think tank, has lowered its projections for U.S. economic growth on account of income inequality: The uber-rich save their money, removing it from the economy, and the rest of us have less and less to spend. 


Just $5 a month supports NCR's independent Catholic journalism.

We are committed to keeping our online journalism open and available to as many readers as possible. To do that, we need your help. Join NCR Forward, our new membership program.

Forward-Web-Ads_End-of-Article-Ad---2.jpg


Looking for comments?

We've suspended comments on NCRonline.org for a while. If you missed that announcement, learn more about our decision here.

Advertisement