Levarging inequality
Résumé
The United States experienced two major economic crises over the past 100 years-the Great Depression of 1929 and the Great Recession of 2007. Income inequality may have played a role in the origins of both income inequality may have played a role in the origins of both. We say this because there are two remarkable similarities between the eras preceding these crises: a sharp increase in income inequality and a sharp increase in household debt-to-income ratios.