Economists and analysts have long spoken about the connection between slow-paced US economic recovery and the steadily rising wealth gap in the country. Data from the Congressional Budget Office, the International Monetary Fund, and academic economists elucidate that a wide wealth gap causes more and more consumers to either curb cash outflow or rely on…
Economists and analysts have long spoken about the connection between slow-paced US economic recovery and the steadily rising wealth gap in the country. Data from the Congressional Budget Office, the International Monetary Fund, and academic economists elucidate that a wide wealth gap causes more and more consumers to either curb cash outflow or rely on…
Despite the latest GDP data showing signs of continuing recovery, current annual production of goods and services and potential production at the economy running at full steam shows a gap of around $800 billion. The economy is producing $800 billion less than what it would have under optimum conditions. Combining sector-wise contributions to the US…
The decision of European Commission President Jose Manuel Barroso to give a €26 billion handout to Portugal’s struggling economy led to criticism from UK lawmakers and supporters of the country’s exit from the Union. The handout is intended to boost employment through training and education and accelerate the revival of Portugal’s economy by 2020. One…
A recent survey of individuals with at least $1 million in investible assets shows that social media is not just popular amongst the masses but is equally popular amongst millionaires as well. 75% of the 1300 millionaires interviewed as part of the survey said they were active on social media. The general perception is that…