In case you thought income inequality wasn’t bad enough, the 2008 recession made it worse. September Census Bureau stats for 2008 household income show a decline in incomes across the board, but less of a decline for those in higher brackets.
We are now seeing in the extreme what happens in a boom and bust cycle–when the “boom” years are followed by a bleak period after the bubble bursts.
Philanthropy and activism for social justice
Heeten Kalan, Senior Program Officer at the New World Foundation, HEFN Steering Committee Member, and Board Chair of the South Africa Development Fund, wrote this week’s post.
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