How the Great Recession increased inequality

Published August 19, 2016 8:30pm ET



According to a new report from the nonpartisan Congressional Budget Office, the Great Recession had a particularly potent effect on increasing wealth inequality in the United States.

While wealth did grow for the bottom half of the country’s wealth distribution from 1989-2007, it grew slower for the bottom half than it did the upper half. After the recession, the bottom half experienced a disproportionately large decline in wealth.

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