- June 12, 2021
- Posted by: Stratford Team
- Category: Economy
We are apparently living in a time of good economic news. Headlines proclaim that the “US economy is growing at its fastest pace since 1984,” trumpet rapid growth, and declare the country to be on a “solid recovery path.” Opponents of the American Rescue Plan argued that further government help was unnecessary because of the strong economic rebound.
What the exuberant headlines obscure, though, is that the country’s economic upswing is leaving some Americans behind.
While first-quarter 2021 gross domestic product growth numbers appeared to be strong, careful observers have noted that we are experiencing a “K-shaped” recovery, where the rich bounce back but many of the rest of us don’t.
While the S&P 500
SPX,
+0.19%
soared to record highs, fattening investors’ portfolios, 44% of those surveyed in a recent poll reported that their household finances remain dented by income…
