Wednesday, September 4, 2013

The 5% recovery: Why most are still in recession

http://www.usatoday.com/story/money/business/2013/09/01/recovery-recession-economy/2748843/

http://www.cnbc.com/id/100982147

http://www.nytimes.com/2013/02/16/business/economy/income-gains-after-recession-went-mostly-to-top-1.html?_r=0

http://www.oftwominds.com/blogaug13/recession-never-ended8-13.html

http://www.cnbc.com/id/44505017

http://www.cnbc.com/id/100984688

http://www.cnbc.com/id/100978402

How strong the economic recovery has been since the Great Recession ended in 2009 probably depends on viewpoint.

For those in the top 5 percent, the recovery has been pretty good.

As for the other 95 percent, well ... maybe not so much.

Post-financial crisis wealth disparity has been well-chronicled.

Federal Reserve Gov. Sarah B. Raskin drew widespread attention with this speech in April that showed how poorly the lower income levels have fared during the recovery, particularly because those demographics have their wealth concentrated in housing and are hit far more severely by falling prices.

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