Labor & Economic News Blog

Thursday, May 30, 2013

Americans have rebuilt less than half of wealth lost to the recession, study says

St. Louis Fed Releases Annual Report
In this year's Annual Report, released May 30, 2013, Ray Boshara and William Emmons of the St. Louis Fed's new Center for Household Financial Stability provide data on the damage to household wealth during the Great Recession, explore the circumstances that led to large declines in household wealth, make the case that such wealth has not fully recovered, and show why all of that matters for U.S. economic recovery.


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