• How the wealthy hanging onto their money actually makes everyone else poorer, according to a new study

    7 days ago - By Business Insider

    Crystal Cox/Business Insider
    A Chicago Booth Review report looks at the link between the wealthiest saving their money and inequality.
    Wealthy people's savings are used to finance household debt for everyday Americans.
    As debt grows for the lowest-earning Americans, the wealthy having more savings just fuels the cycle further.
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    The wealthy sitting on their savings may be helping finance the debts of poorer Americans and therefore play a role in rising inequality, according to the Chicago Booth Review. Researchers Amir Sufi, Ludwig Straub, and...
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