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Asset building and the wealth gap

Author

Listed:
  • Community Affairs Office

Abstract

Building and maintaining financial security is increasingly difficult for a growing portion of American households. Wealth is less prevalent in middle-class households and increasing among the already well-to-do. At the same time, poverty is growing and concentrating disproportionately among the nonwhite population. As the cost of living outpaces income and wealth accumulation, a majority of U.S. households are ill-prepared for financial emergencies or retirement.

Suggested Citation

  • Community Affairs Office, 2006. "Asset building and the wealth gap," Banking and Community Perspectives, Federal Reserve Bank of Dallas, issue 3.
  • Handle: RePEc:fip:feddpe:y:2006:n:3
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