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Wall Street Journal (August 31)

2019/ 09/ 02 by jd in Global News

Another recession “could be devastating for people who have only just recovered.” The record long U.S. expansion “has showered” the top 1% of households with “staggering new wealth,” but bypassed others. “The bottom half of all U.S. households, as measured by wealth, have only recently regained the wealth lost in the 2007-2009 recession and still have 32% less wealth, adjusted for inflation, than in 2003…. If another recession comes, it could be devastating.”

 

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