The recession that began with a housing market crash in 2007 had the effect of reducing income inequality.

Name: The recession that began with a housing market crash in 2007 had the effect of reducing income inequality.
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

The recession initially increased income inequality as lower-income individuals were more adversely affected by job losses and reduced access to credit, while wealthier individuals were better able to weather the economic downturn.

The Recession That Began with a Housing Market Crash in 2007