Moody's Message: Rising Inequality Could Impact America's Credit Rating

Instead, Trump’s $1.5 million in tax cuts, according to Moody’s, have helped make the rich richer, putting more of the onus of repaying the country’s debt on the poor.

“Since 1995, the top 10% of US income earners have experienced an overall median net worth increase of close to 200%, while the bottom 40% of income earners have seen a decline. There has been a particularly sharp increase in wealth and income inequality ratios since the global financial crisis,” Moody’s noted in a report released on Monday.

https://safehaven.com/markets/economy/Rising-Inequality-Could-Impact-Americas-AAA-Credit-Rating.html

 

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