Economic recovery favors the more-affluent who own stocks
While the stock market has been surging, there is a big gap who who benefits that has implications for the strength of the economic recovery.
An Uneven Wealth Recovery in the U.S.
During the first two years of the nation’s economic recovery, wealth inequality increased as aggregate wealth rose for the wealthiest 7% of households, but fell for the bottom 93%.
Young Adults Shed Debt After Recession
Young adults have shed substantially more debt than older adults did during the Great Recession and its immediate aftermath—mainly by virtue of owning fewer houses and cars and paring credit card balances.