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Why many Americans aren’t benefiting from robust US economy

"The economy," Federal Reserve Chairman Jerome Powell declared this month, "is doing very well." And it is. Steady hiring has shrunk unemployment to 3.8 percent — the lowest since the 1960's. Consumers are spending. Taxes are down. Inflation is tame. Factories are busy. Demand for homes is strong. Household wealth is up. Yet the numbers that collectively ...

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