Charlie Turner

speaker

4,985 appearances 165 recordings 1 series first heard Jul 2017 last heard Aug 2021

Charlie Turner’s voice in public audio — every appearance, attributed to the second.

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She joins us after the break. voice-verified

The pandemic resulted in a major recession, with businesses shuttered and millions of Americans losing their jobs. voice-verified

That recession was expected to destroy Americans' finances. voice-verified

Instead, most people got ahead in 2020. voice-verified

According to the Federal Reserve, U.S. voice-verified

households added $13.5 trillion in wealth last year, the biggest increase in records going back three decades. voice-verified

But who made out the best, and who's fallen behind? voice-verified

For some answers, let's bring in our reporter Orla McCaffrey. voice-verified

Orla, thanks for coming on the show. voice-verified

Sure. voice-verified

Orla, first of all, this big increase in wealth was atypical. voice-verified

What usually happens during a recession? voice-verified

Why was it different this time around? voice-verified

So Orla, who gained the most during 2020? voice-verified

Can you give us some numbers? voice-verified

How much did the wealthiest Americans benefit last year? voice-verified

What about everyone else? voice-verified

And I would assume that unemployment benefits were really helpful this time around. voice-verified

Well, how is all this going to affect both higher and lower income Americans, especially if the economic recovery flattens out? voice-verified

What do economists say about this? voice-verified

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