Nothing of note from her speech at the Boston Fed conference but a couple of interesting titbits about inequality in the US.
The first is the headline comment where she sees factors such as businesses and inheritances as being a broad measure of wealth distribution.
She notes that in the top 5% of households income grew 38% between 1989 and 2013 which compares to less than 10% growth for the rest. The lower half of households held 1% of total wealth while the top 5% held 63%
“The past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority,”
That’s going to come as a shock to no one.
So now the American dream is bumping off your parents. What a country
