Steven Fazzari: Rising Income Inequality Set the Stage for the  Great Recession: During the “Consumer Age” period from the early 1980s through 2007, much of U.S. demand growth was generated by the rapid growth of consumer spending financed by unprecedented increases in household debt…. The debt-income ratio for households… was stable from 1960 through 1983 … Continue reading Morning Must-Read: Steven Fazzari: Rising Income Inequality Set the Stage for the  Great Recession