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The last two decades have seen major economic changes with the Great Recession and Recovery. The present paper aims at investigating how the net worth, wealth portfolio and the wealth distribution, which are related to well-being, have evolved in the United States between 2001 and 2016. The data...
Persistent link: https://www.econbiz.de/10012135094
The Great Recession had a tremendous impact on low-income Americans, in particular black and Latino Americans. The losses in terms of employment and earnings are matched only by the losses in terms of real wealth. In many ways, however, these losses are merely a continuation of trends that have...
Persistent link: https://www.econbiz.de/10011591483
Persistent link: https://www.econbiz.de/10009680920
Persistent link: https://www.econbiz.de/10012415699
I find that median wealth plummeted over the years 2007 to 2010, and by 2010 was at its lowest level since 1969. The inequality of net worth, after almost two decades of little movement, was up sharply from 2007 to 2010. Relative indebtedness continued to expand from 2007 to 2010, particularly...
Persistent link: https://www.econbiz.de/10012460101
The Great Recession had a tremendous impact on low-income Americans, in particular black and Latino Americans. The losses in terms of employment and earnings are matched only by the losses in terms of real wealth. In many ways, however, these losses are merely a continuation of trends that have...
Persistent link: https://www.econbiz.de/10012966098
I find that median wealth plummeted over the years 2007 to 2010, and by 2010 was at its lowest level since 1969. The inequality of net worth, after almost two decades of little movement, was up sharply from 2007 to 2010. Relative indebtedness continued to expand from 2007 to 2010, particularly...
Persistent link: https://www.econbiz.de/10013065019
Persistent link: https://www.econbiz.de/10004760062
Persistent link: https://www.econbiz.de/10000945469