capitalism, the Great Depression. However, the role of rising income inequality, which has risen dramatically before both crises …, is rarely discussed. In this paper we discuss the rise of top-end inequality and its effects on household consumption … period of interest. We argue that income inequality is linked to the increase of household consumption and the simultaneous …

in overall economic well-being and inequality as well as changes in racial economic inequality over the Great Recession …, using the period from 1989 to 2007 for historical context. We find that while racial inequality increased from 1989 to 2010 …, during the Great Recession racial inequality in terms of the Levy Institute Measure of Economic Well-Being (LIMEW) decreased …