S&P: Wealth gap is slowing US economic growth

Published August 5, 2014 6:44pm ET



WASHINGTON (AP) — Economists have long argued that a rising wealth gap has complicated the U.S. rebound from the Great Recession.

Now, an analysis by the rating agency Standard & Poor’s lends its weight to the argument: The widening gap between the wealthiest Americans and everyone else has made the economy more prone to boom-bust cycles and slowed the 5-year-old recovery from the recession.

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Labor