Economist Warns Economic Inequality Threatens U.S. Stability Over Recession Risks
University of Michigan professor Betsey Stevenson highlights concerns about a small elite controlling wealth while most citizens struggle financially.
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Terms & Concepts
Economic Inequality: The uneven distribution of wealth and income across a population, often resulting in social and economic disparities.
Recession: A significant decline in economic activity across the economy, lasting more than a few months, typically visible in GDP, employment, and production data.