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Tuesday, October 12, 2010

US income gap, worst in developed nations

US income gap, worst in developed nations

As the shaky economy attempts to heal, a census report released shows the United States has the worst income gap ratio out of all the westernized countries in the world. In this day and age where more Americans are using food stamps, how are some profiting so much? Nomi Prins says there have been fewer jobs, which means less income for people which lead them to fall into poverty levels. Coupled with a rise in increased costs the income gap will only get worse.




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