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Household financial stability: who suffered the most from the crisis?

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Author Info

  • William R. Emmons
  • Bryan J. Noeth

Abstract

The financial crisis and ensuing recession took a toll on just about everybody’s household wealth. Not surprisingly, the pain wasn’t evenly distributed. Those groups that are usually the most vulnerable in our society—young and middle-aged minority households—suffered the most, percentage-wise.

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Bibliographic Info

Article provided by Federal Reserve Bank of St. Louis in its journal The Regional Economist.

Volume (Year): (2012)
Issue (Month): Jul ()
Pages:

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Handle: RePEc:fip:fedlre:y:2012:i:jul

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Related research

Keywords: Households - Finance ; Financial crises;

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Cited by:
  1. Emmons, William R. & Noeth, Bryan J., 2013. "Economic vulnerability and financial fragility," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 361-388.
  2. Emmons, William R. & Noeth, Bryan J., 2013. "Why did young families lose so much wealth during the crisis? the role of homeownership," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 1-26.

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