Yes, inequality is bad for everyone - even the rich

Yes, inequality is getting worse. Yes, it is bad for economic growth, because it stunts consumer demand. And yes, even the rich ought to worry about the way they are taking an ever-increasing share of society's wealth and income, according to a weighty new analysis of inequality in the richest, developed economies from Morgan Stanley. It's not all gloom, according to Morgan Stanley senior economist Carmen Nuzzo. (This is an investment bank, of course, so they're looking for opportunities as wel...