JEPI - The 2021 Recovery Is Powerful But Don't Forget Small Businesses

• The likelihood of 7% GDP growth (best since 1984) or even 8% (best since 1951) this year is fantastic.
• But there is increasing evidence that this is a “K”-shaped recovery, with the wealthy reaping stock market and real estate rewards while many small businesses have gone under, while others are out of work or not able to recover.
• During the pandemic, tens of thousands of small businesses had to lay off millions of employees. Those small businesses and employees have been slow to return. The unemployment bonuses handed out by the federal government help families but destroy incentive.

For further details see: