Millions of families across the USA now have very difficult financial situations. A report from the Federal Reserve notes that the poorest Americans are literally getting crushed by this weight of rising inequalities.
And according to the U.S. Census Bureau, the gap between the richest and the poorest U.S. households is now the largest it’s been in the past 50 years. The most troubling thing about this new data, says William M. Rodgers III, a professor of public policy and chief economist at the Heldrich Center at Rutgers University, is that it “clearly illustrates the inability of the current economic expansion, the longest on record, to lessen inequality.”