Catherwood LibraryILR School

With income inequality at its highest level since the Great Depression, economists warn that it could lead to lower economic growth and job creation. In the first year of the recovery, the top one percent made ninety-three percent of all income gains. While income levels for the top 1% were hurt during the recession, they have since risen. For the average working family, income has continued to fall. Organizations like the International Monetary Fund and the Organization for Economic Cooperation and Development warn that inequality could have further negative effects on the economy, and that the government should take steps to combat it.