The Three Squeezes Strike

The Three Squeezes Strike

It should be “blow and go” in the U.S. economy! Yet it doesn’t feel that way. In the post-Great Recession economic recovery, we noted, “There’s a Lot Resting on Equities,” because the wealthiest 20 percent of Americans had created 90 percent of the growth in consumption. With equity markets now suffering, can middle-income households pick up the slack? Not while they face the Three Squeezes.

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