Household Wealth Trends in the United States, 1962 to 2013: What Happened over the Great Recession?
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. Wealt...
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| Format: | Article |
| Language: | English |
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Russell Sage Foundation
2016-10-01
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| Series: | RSF: The Russell Sage Foundation Journal of the Social Sciences |
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| Online Access: | http://www.rsfjournal.org/doi/full/10.7758/RSF.2016.2.6.02 |