Household wealth trends in the United States, 1962 to 2013: What happened over the Great Recession?
EN Wolff - RSF: The Russell Sage Foundation Journal of the …, 2016 - rsfjournal.org
I look at wealth trends from 1962 to 2013, particularly for the middle class. Asset prices
plunged between 2007 and 2010 but then rebounded from 2010 to 2013. The most telling
finding is that median wealth plummeted by 44 percent between 2007 and 2010, almost
double the drop in housing prices. Wealth inequality, after almost two decades of little
movement, was up sharply from 2007 to 2010. This sharp fall in median net worth and rise in
overall wealth inequality are traceable primarily to the high leverage of middle-class …
plunged between 2007 and 2010 but then rebounded from 2010 to 2013. The most telling
finding is that median wealth plummeted by 44 percent between 2007 and 2010, almost
double the drop in housing prices. Wealth inequality, after almost two decades of little
movement, was up sharply from 2007 to 2010. This sharp fall in median net worth and rise in
overall wealth inequality are traceable primarily to the high leverage of middle-class …
Household wealth trends in the United States, 1962 to 2016: has middle class wealth recovered?
EN Wolff - 2017 - nber.org
Asset prices plunged between 2007 and 2010 but then rebounded from 2010 to 2016. The
most telling finding is that median wealth plummeted by 44 percent over years 2007 to 2010.
The inequality of net worth, after almost two decades of little movement, went up sharply
from 2007 to 2010, and relative indebtedness for the middle class expanded. The sharp fall
in median net worth and the rise in overall wealth inequality over these years are largely
traceable to the high leverage of middle class families and the high share of homes in their …
most telling finding is that median wealth plummeted by 44 percent over years 2007 to 2010.
The inequality of net worth, after almost two decades of little movement, went up sharply
from 2007 to 2010, and relative indebtedness for the middle class expanded. The sharp fall
in median net worth and the rise in overall wealth inequality over these years are largely
traceable to the high leverage of middle class families and the high share of homes in their …