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Buildings in Rio de Janeiro, demonstrating economic inequality. Effects of income inequality, researchers have found, include higher rates of health and social problems, and lower rates of social goods, [1] a lower population-wide satisfaction and happiness [2] [3] and even a lower level of economic growth when human capital is neglected for high-end consumption. [4]
Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death ...
Population decline has many potential effects on individual and national economy.The single best gauge of economic success is growth in GDP per capita, not GDP. [1] [2] GDP per capita is an approximate indicator of average living standards, for individual prosperity. [3]
When new gross domestic product figures last month showed US economic growth slowed from recent gangbuster levels, many people diagnosed the economy as having a really ugly sickness: stagflation.
The report concludes that the American economy's radical inequality is hindering economic growth, as the benefits are mainly enjoyed by those at the top, while the majority, responsible for the bulk of consumer spending which constitutes 67% of GDP, are left behind. [117]
The economic impact of unauthorized immigration is far smaller than other trends in the economy, such as the increasing use of automation in manufacturing or the growth in global trade. But economists generally believe that when averaged over the whole economy, the effect is a small net positive.
And that may be bad news for the economy. What’s going on: Consumer spending is falling back to earth, and even the highest-income Americans are turning to discount retailers like Walmart.
JPMorgan Chase, the largest bank in the United States, kicked off earnings season Friday with a beat, but also a warning about geopolitical threats that could hurt the global economy.