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Economy

Why many Americans aren't benefiting from robust US economy

Updated : June 16, 2018 07:52 PM IST

Even with inflation running at a relatively low 2.4 percent, one particular expense is weighing on anyone idling in traffic: Gasoline prices have surged 24 percent over the past year to a national average of $2.94 a gallon
With more people drawing paychecks and able to afford a home, demand has intensified. Yet the number of homes listed for sale is flirting with historic lows.
The top 10 percent of the country holds 73 percent of its wealth, a share that has crept steadily up since 1986, according to the World Inequality Database.
Why many Americans aren't benefiting from robust US economy

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