U.S. Inequality & Economic Growth

Less income inequality portends less poverty and a healthier population which provides benefits to the US. Greater income inequality provides the wealthy with greater influence on the political process and over those less well-off. Greater income inequality also provides the young wealthy with a better chance to succeed than their poorer counterparts.In "U.S. Inequality & Economic Growth, A Call for a Deeper Dive" Michael analyzes the relationship between income inequality and economic growth. U.S. GDP is the indicator for U.S. economic growth while the Gini coefficient is the inequality metric. Data spans the period 1944 to 2016 and the major finding is the following: as income inequality gets more unequal, the rate of economic growth slows.