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Warren Buffett: 'Inequality is getting wider' [Video]
Buffett tells Bank of America CEO Brian Moynihan that businesses have rebounded from the recession, but individuals haven't.
Fri, Sep 20, 2013 at 05:05 PM
Billionaire Warren Buffett
recently sat down with Bank of America CEO Brian Moynihan to discuss the economy. Buffett looked back at the past economic recession and said that businesses have rebounded but “the American populace as a whole has not come back.” Buffett went on to explain that “inequality is getting wider,” and the median income today is essentially the same that it was in 1989 when you consider the purchasing power of the dollar. In contrast, individuals in the Fortune 400 are getting even richer, further widening the income gap
in the United States.
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