Day: October 8, 2018

Rising wealth and income inequality is casting a pall over the American economy, according to Moody’s Investors Service.

StockMarketNews.Today – Although growing disparity between the country’s richest and poorest citizens has been tracked by everyone from economists to politicians, the research firm’s analysis examines how the trend might impact the country’s financial flexibility and creditworthiness. Moody’s stark take: The widening gulf could sap the country’s ability to repay its debts because of weaker economic growth and ineffective government institutions.