Subscribe Register Login

Friday, September 19, 2014, 3:11 a.m.
Top Picks - Mobile App

S&P: Wealth gap is slowing U.S. economic growth

By The Associated Press

This article was published August 5, 2014 at 11:01 a.m.

WASHINGTON — 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, rating agency Standard & Poor’s said in a report Tuesday.

The rising concentration of income among the top 1 percent of earners has contributed to S&P’s cutting its growth estimates for the economy. In part because of the disparity, it estimates that the economy will grow at a 2.5 percent annual pace in the next decade, down from a forecast five years ago of a 2.8 percent rate.

Read Wednesday's Arkansas Democrat-Gazette for more.

Comment on: S&P: Wealth gap is slowing U.S. economic growth

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

Displaying 1 - 1 of 1 total comment

FreeSpiritMan says... August 5, 2014 at 11:19 p.m.

They just now figuring this out?

( | suggest removal )

  • page
  • 1
Click here to make a comment

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

TOP JOBS

  • Clerical

    Arkansas Board of Examiners in Counseling hiring for: PT pos...
    LITTLE ROCK, AR

  • Detail techs

    detail techs - Local corporate aircraft cleaning & detailing...
    LITTLE ROCK, AR

  • Janitorial opps.

    janitorial projectsupervisor - ft & cleanersbryant, AR. Prev...
    BRYANT, AR

  • Mlt

    memorial hospital Stilwell, OK We have recently added more P...
    STILWELL, Ok

  • Cna sponsorships

    Brighton ridge attention Brighton Ridge of Eureka Springs is...
    EUREKA SPRINGS, AR

Search 870 jobs >

Top Picks - Mobile App
Arkansas Online