A Wealthless Recovery? Asset Ownership and the Uneven Recovery from the Great Recession

Posted: 21 Sep 2018 Last revised: 21 Feb 2019

See all articles by Lisa J. Dettling

Lisa J. Dettling

Board of Governors of the Federal Reserve System

Joanne W. Hsu

Board of Governors of the Federal Reserve System

Elizabeth Llanes

Board of Governors of the Federal Reserve System

Date Written: 2018-09-13

Abstract

Data from the Federal Reserve Board's Survey of Consumer Finances indicate that although total household wealth has fully recovered from the Great Recession, there has been only modest growth for the vast majority of families since 2010, and most families have not recovered to pre-recession wealth levels. This uneven recovery is explained by declines in home and stock ownership, which have shown little signs of reversing; thus, these disparities appear poised to persist.

Suggested Citation

Dettling, Lisa J. and Hsu, Joanne W. and Llanes, Elizabeth, A Wealthless Recovery? Asset Ownership and the Uneven Recovery from the Great Recession (2018-09-13). FED Notes No. 2018-09-13. Available at SSRN: https://ssrn.com/abstract=3252933 or http://dx.doi.org/10.17016/2380-7172.2249

Lisa J. Dettling (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Joanne W. Hsu

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Elizabeth Llanes

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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