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

Author

Listed:
  • 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.

Suggested Citation

  • William R. Emmons & Bryan J. Noeth, 2012. "Household financial stability: who suffered the most from the crisis?," The Regional Economist, Federal Reserve Bank of St. Louis, issue Jul.
  • Handle: RePEc:fip:fedlre:y:2012:i:jul
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    File URL: http://stlouisfed.org/publications/pub_assets/pdf/re/2012/c/financial_stability.pdf
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    Citations

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    Cited by:

    1. Emily Rauscher & William Elliott, 2016. "Wealth as Security: Growth Curve Analyses of Household Income and Net Worth During a Recession," Journal of Family and Economic Issues, Springer, vol. 37(1), pages 29-41, March.
    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.
    3. Emmons, William R. & Noeth, Bryan J., 2013. "Economic vulnerability and financial fragility," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 361-388.
    4. Tammy Leonard & Wenhua Di, 2014. "Is Household Wealth Sustainable? An Examination of Asset Poverty Reentry After an Exit," Journal of Family and Economic Issues, Springer, vol. 35(2), pages 131-144, June.
    5. Ray Boshara & William R. Emmons, 2015. "A Balance Sheet Perspective on Financial Success: Why Starting Early Matters," Journal of Consumer Affairs, Wiley Blackwell, vol. 49(1), pages 267-298, March.

    More about this item

    Keywords

    Households - Finance ; Financial crises;

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