Analysis

The joyless generation the declining prospects of middle earners

Author: 
5 Feb 2014
|
Regions: 
Americas,
EU/Eurozone

Middle earners could be on the verge of a secular stagnation in their real incomes. In many advanced economies the benefits of GDP growth appear to be increasingly concentrated on the providers of capital and the top end of the income spectrum. Last week, in his State of the Union speech,...