Is income inequality in the US hurting economic growth

Jay Soloff

Argonath Financial

Is income inequality in the US hurting economic growth? Perhaps the defining debate of President Obama's second term is how the growing gap between the rich and poor in American is impacting the country. Without a doubt, the rich are getting richer and the poor are becoming poorer. But does that impede economic growth? Economists are becoming increasingly convinced that without more widespread income distribution, growth will be impaired. After all, when a larger number of Americans make more money, they tend to spend that money more frequently. The attached article link discusses how investing in education could narrow the income gap. However, it's likely going to take a lot more than education to alter the current path of income disparity, including changes to tax policy and minimum wage growth. (VIEW LINK)

Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...


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