November 17, 2021

Report paints sobering picture of US economy

There is a new must-read report from McKinsey entitled “Unequal America: Ten insights on the state of economic opportunity.” The findings come from an online survey conducted by Ipsos of 25,000 Americans in the spring of 2021. Results are reported for Americans as a whole, as well as for a wide variety of demographic and geographic subgroups.

McKinsey describes the report as spotlighting Americans’ views on economic opportunity, the obstacles they face, and the path ahead to create a more inclusive economy.

McKinsey writes: “What we learned was sobering. Among the findings: Americans report that their financial situations have deteriorated over the past year, and at the time of our survey only half of all respondents reported being able to cover their living expenses for more than two months in the event of job loss. Our survey results also indicated that the pandemic has…

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