Income Inequality: An Interview with Tom Garrett

10/15/2008

Statistics on income inequality in the U.S. do not tell us the entire story. The numbers say that the income for wealthier households far outpaces the income for poorer households. Even so, that isn't necessarily a bad thing for the economy. The usual measurements also exaggerate the degree of income inequality.

Learn more about this issue by listening to an interview with Tom Garrett, an economist at the Federal Reserve Bank of St. Louis. Read his article about the topic, U.S. Income Inequality: It's Not So Bad, in the October 2008 issue of The Regional Economist.

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