The United States has the most resilient economy in the world. We have withstood major recessions and market events in nearly every decade since the Great Depression, the most recent being the stock market crash of 1987, the savings and loan crisis of 1991, the September 11th crash of 2001, and the stock market crash of 2008.
Major recoveries can be attributed to the sophistication of our secondary markets to replenish various industries with new equity; the demand for higher returns from pension and investment funds; and the broad-based demand for consumer goods, services and credit. Consumer demand (consumption) accounts for 60 percent of our Gross Domestic Product (GDP). Consumption across all demographics increases market demand and the GDP - hence the case for diversity and inclusion. READ MORE AT PHILADELPHIA BUSINESS JOURNAL
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