Financialization and the End of the Great American Middle Class

Financialization and the End of the Great American Middle Class

Our new report, Financialization & Equal Opportunity, shows how Wall Street and the financial sector slows economic growth and increases inequality in America.

Figure 1 shows how, in the three decades after World War II, America became the first predominantly middle-class country in the world and our poverty rate was cut in half. Americans experienced what scholars describe as the “Great Compression.” 

Over the most recent three and one-half decades, the Great Compression has been almost completely reversed.

Read the full report here.