This is how inequality could be hurting the US economy

A homeless man sleeps on a park bench in Logan Square on the Benjamin Franklin Parkway in Philadelphia, Pennsylvania, September 23, 2015. Benjamin Franklin Parkway, a stretch of cultural centers and grassy parks where homeless sleep and tote their belongings in plastic bags, is undergoing papal security checks and cleanup that will displace some of the downtrodden that Francis champions. Philadelphia, a city of 1.5 million people, counts about 5,500 people living on the streets or other unsheltered areas, but that number does not include those in some of the city's poorest areas, homeless services group Project HOME said. The parkway, which will host two events attended by Francis, has been designated a top U.S. Secret Service security zone for the visit. Picture taken September 23, 2015.   REUTERS/Mark Makela

Inequality in the U.S. could have prolonged the Great Recession. Image: REUTERS/Mark Makela

Pedro Nicolaci da Costa
Editorial Fellow, Peterson Institute for International Economics
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InequalityEconomic ProgressUnited States
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