Kenan Institute Research Director Camelia Kuhnen talked to The Wall Street Journal’s Jeanne Whalen about the “two-speed economy” in the U.S., where high earners and many older Americans are in good shape but unemployment for low-income workers, Black Americans and many young people has jumped. “I think the U.S. population is split into these two types – the lucky ones, the asset owners, and the unlucky ones,” Kuhnen said. The latter “are now stuck because there’s no way they can come up with that down payment to buy a home.”  

She spoke about the issue in the institute’s economic briefing September 5.  

Read The Wall Street Journal piece here.

• Keyword(s):
• economic outlook 301
• labor 168

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