America’s economy has almost doubled in size over the last four decades, but broad measures of the nation’s economic health conceal the unequal distribution of gains. A small portion of the population has pocketed most of the new wealth, and the coronavirus pandemic is laying bare the consequences of the unequal distribution of prosperity. …
Inequality didn’t cause the coronavirus crisis. But it is making the crisis much worse, having created an economy in which many Americans are struggling to get by, and are vulnerable to any interruption of work or income and any illness.
On this page, we present dozens of ways to look at American life that together provide a more meaningful picture than GDP. There is reason to expect that many of these indicators are already beginning to look worse, as the country grapples with both a pandemic and a recession. Together, they also help show the areas in which Americans will struggle to recover from this crisis…
To read the entire article from The New York Times, click https://www.nytimes.com/interactive/2020/04/10/opinion/coronavirus-us-economy-inequality.html
