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The Crockpot Recession (EP.304)

Animal Spirits Podcast

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The Bottom 25% Is Seeing the Biggest Wage Gains

The bottom 25% has seen the biggest wealth gains and they saw the biggest drop off during the pandemic as well. By contrast, it took till 2017 for the bottom half of Americans to climb back to pre-great recession levels of income. The way our society is structured, people are very upset about this because who pays for the bottom 25%? People with money and people with money.

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