Aug
11

Wages & Wealth

badpayA major reason why new home building has not substantially recovered is because outside of the upper classes real wages have been stagnant since the end of Great Recession. Worse, despite a rising stock market, a majority of Americans own no stock. Lastly, among households headed by individuals under 40, net worth is still, on average, lower than it was before the housing bust. We desperately need wage growth.

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