The wealth gap in the US has been widening since the Great Recession despite the 2008 financial crisis destroying billions of dollars in wealth. The recovery saw the richest restore much of their losses – unlike average Americans, researchers found.
The wealthiest 5 percent of Americans had 24 times the wealth of the average household in 2013, up significantly from 16.5 times as much in 2007, AP said, quoting a study by the University of Michigan. Continue reading “US wealth gap widens since Great Recession – study”

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