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00000181-fa79-da89-a38d-fb7f297d0000September marks the fifth anniversary of the economic meltdown on Wall Street. Investment giant Lehman Brothers declared bankruptcy, AIG took a government bailout in the billions and the Dow had the biggest single day loss in history.As the national economy convulsed in the great downturn of 2008, the Puget Sound region remained a relative bright spot compared with other parts of the country.We didn’t get hit as hard, and we bounced back more quickly. Our Big Reset series looks at how our region has emerged from the Great Recession, why we are so resilient and what challenges we still face.Tell us about your experiences since the recession. Email us, visit us on Facebook or Tweet using hashtag #thebigreset.00000181-fa79-da89-a38d-fb7f297d0001Photos by Jake Warga.

US Will Return To Historic Levels Of Inequality Says One Economist

Tyler Cowen's book "Average is Over."
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Here in the Puget Sound region and across the country, the economy is making slow and steady progress in recovering from the Great Recession of 2008. But moving forward, many questions still remain. A crucial one involves the growing inequality gap. Economist Tyler Cowen says the U.S. will return to historic levels of inequality and in turn, we'll see a thinning out of the middle class.

His latest book is called “Average Is Over: Powering America Beyond The Age Of The Great Stagnation.” Cowen talked with Marcie Sillman.

This interview originally aired on September 18, 2013.

Year started with KUOW: 2006