Search Results
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.
Report
Household Debt at the Tipping Point: When and Why Does Household Borrowing Hurt the Economy?
While household credit booms and busts are not new phenomena, the financial crisis in 2008 and its devastating effects have spurred a deeper examination of the mechanics underlying these episodes. We review this growing literature and attempt to answer four primary questions: What drove the recent (and previous) household credit booms? What factors precipitated the tipping point in household borrowing in the economy? How did the following deleveraging efforts affect the economy? Can the literature guide us on how to avoid these destructive cycles or mitigate the damage in the future? Looking ...
Journal Article
Food Insecurity in the Eighth District
Food insecurity is a harsh reality for many Americans. Results from a recent Household Pulse Survey indicate serious consequences for Eighth District communities.
Journal Article
How Low- and Moderate-Income Households Are Coping with Inflation
Most people across income groups report financial stress from recent high inflation. To cope, individuals with lower incomes have cut back on necessities.
The Real State of Family Wealth: Will COVID-19 Worsen Racial, Educational and Generational Gaps in the U.S.?
A new quarterly assessment tracks the pandemic’s impact on wealth trends by demographic groups.
Journal Article
Auto Debt Expansion Continues to Slow While Subprime Delinquencies Rise
In the fourth quarter of 2016, auto debt grew more slowly but subprime delinquencies on car loans rose.
Disparities by Race, Ethnicity and Education Underlie Millennials’ Comeback in Wealth
In 2019, older millennials were making relative gains in terms of wealth, but the gap between actual and expected median wealth varied by demographic characteristics.
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.
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.
Which Families Are Most Vulnerable to an Income Shock? A Look at Race and Ethnicity
While liquid assets, education and other factors are associated with how economically resilient families may be during a crisis, race and ethnicity are also related.