This is the second in a multi-part series about our national economy.
How we are affected by downturns, spikes and elevations in the economy individually/personally and as families/communities has great similarity across a wide spectrum. But perhaps most importantly, in this instance, once we know the problem, or the causes of the problems, we also know the solutions. That is the natural corollary to identifying those problems.
The CIA World Factbook – which is available online at https://www.cia.gov/library/publications/the-world-factbook/geos/us.html – indicates that “Since 1975, practically all the gains in household income have gone to the top 20% of households.“
The next question that arises from that fact is this: Why?