Robert B. Reich

Robert B. Reich: Conditions are ripe for another economic crash

Robert B. Reich: Conditions are ripe for another economic crash

Sept. 15 will mark the 10th anniversary of the collapse of Lehman Brothers and near meltdown of Wall Street, followed by the Great Recession.

Since hitting bottom in 2009, the economy has grown steadily, the stock market has soared, and corporate profits have ballooned.

But most Americans are still living in the shadow of the Great Recession. More have jobs, to be sure. But they haven't seen any rise in their wages, adjusted for inflation.

Many are worse off due to the escalating costs of housing, health care and education. And the value of whatever assets they own is less than in 2007.

Last year, about 40 percent of American families struggled to meet at least one...

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