Ocupation: Author
Life: b. May 27, 1931
Birthday: May 27
Most of the productivity gains appear to go to the top 1 percent. Most people don't have enough income and as a result, they borrow additional money by using their credit card and they fall into high debt. The result of the growing income gap is a slower growing GDP (too few people with money to spend) and a rising tide of indebtedness.
source: Source: bobmorris.biz
topic: Fall, Gdp, People, Indebtedness