The U.S. economy feels like the 1990s, but with more inequality

Source: Heather Long, Washington Post (Paid Registration)

In some ways today’s economy feels like 1998 or 1999, with robust growth, low unemployment and meager inflation that shows few signs of spiking. Confidence in the economy is high, and the stock market, much like in the late 1990s, has been on a bullish ride led by technology stocks.

But there are two major differences between the current economy and that of the late 1990s that could worry policymakers: Inequality is higher now, and the government is far more constricted in its ability to act if a downturn hits.

Read Full Article: The U.S. economy feels like the 1990s, but with more inequality

 

Tags/Keywords

 

Search

Quick Menu

Facebook FTwitter T
 

Consumer Help Desk

Advocacy