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Wealth and Its Distribution: A Look at Asian American Households in 2022
Asian Americans typically had more wealth than other racial or ethnic groups, and that wealth was spread across a diverse range of financial and nonfinancial assets.
Journal Article
Q and A: Black Chamber Executive Discusses Community Resources, Opportunities
An economist from the Institute of Economic Equity talks with Veta Jeffery, the chamber’s managing executive, about how important it is for the Black community to achieve greater prosperity.
How Equitable Wealth Outcomes Could Create a Resilient and Larger Economy
The second post in the four-part blog series, “The State of Economic Equity,” looks at the connection between wealth equity and economic innovation.
The Uneven Heartland: A Look at Household Wealth in the Midwest and Southeast
Typical households in the St. Louis Fed District's seven states have had wealth levels lower than those in many other states, new local-level estimates show.
Report
Mortgaging Household and Global Financial Stability: To What End?
Debt-financed housing was central to the recent financial crisis and subsequent Great Recession. Millions of leveraged homeowners lost trillions of dollars of wealth and the global financial system nearly collapsed. Our system of highly leveraged homeownership therefore deserves critical scrutiny. At the household level, three key features are involved: 1) A widespread preference and policy support for ownership over renting; 2) External financing exclusively in terms of debt (rather than equity); and 3) A relatively high amount of leverage, especially among ex ante financially vulnerable ...
Report
Demographics of Wealth 2018, Essay No. 3: The Bigger They Are, The Harder They Fall: The Decline of the White Working Class
This essay explores the intersection of race, ethnicity and education, which we use as a proxy for class. We examine five measures of well-being between 1989 and 2016, the range spanned by the Federal Reserve's Survey of Consumer Finances.
Report
The Demographics of Wealth 2018, Essay No. 1: The Financial Returns from College across Generations: Large but Unequal
This essay explores the connections between a person's level of completed education and measures of his or her family's financial well-being, including income and wealth. For simplicity, we examine two discrete groups—families headed by someone who has completed a four-year college degree or higher ("college grads") and those without a college graduate head ("nongrads"). This essay shows that inherited demographic characteristics significantly influence the expected income and wealth outcomes associated with one's own education. These characteristics include birth year (and hence age at the ...
Report
Demographics of Wealth 2018, Essay No. 2: A Lost Generation? Long-Lasting Wealth Impacts of the Great Recession on Young Families
This essay explores the connections between a person's birth year and measures of his or her family's financial well-being, including income and wealth. We found that wealth losses occurred across the age spectrum around the Great Recession but that families younger than retirement age suffered the most and have rebounded slowly. Based on data from nearly 48,000 families born throughout the 20th century, we found that families headed by someone born in 1960 or later were less likely to have recovered by 2016 than older families.
Periodic Essay
Renter Households Face Trade-offs When Choosing Amenities or Price
Choosing where to live is a complex decision that could have long-term consequences for social and economic mobility.
Periodic Essay
First-Generation College Graduates Get a Financial Boost, but Don't Catch Up
The financial boost first-generation graduates get from college degrees isn't enough to overcome the head start having college graduate parents provides.