A Wealthless Recovery? Asset Ownership and the Uneven Recovery from the Great Recession
Posted: 21 Sep 2018 Last revised: 21 Feb 2019
Date Written: 2018-09-13
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.
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