The Smart Start Money Podcast

The Income Gap Is Likely Going to Get Wider

April 23, 2020

The wealth gap in America is likely going to get a whole lot bigger.

The COVID-19 pandemic has disrupted lives socially, economically, and will forever change some families who experience lost loved ones. The lasting effects are going to likely remain for decades while future generations feel the impact of what not only America is experiencing, but the entire world. Before the Coronavirus, a growing gap between the wealthy and poor already existed. The separation between the rich and poor has increased substantially in the last 40 years.

 

The wealthy and powerful are better positioned for recovery from a pandemic and for this reason the income gap is about to get a whole lot wider.

 

This podcast episode talks about the income gap in America and how the Coronavirus with an economic shutdown is going to speed up the gap further between the rich and poor. There are solutions, but changes need to be made to ensure all of America has a future.

 

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