An Analysis of Changes in the Distribution of Household Wealth and Income for Small Business Owning Households, 1989 to 1992
The 1990’s were marked by the largest ever peacetime expansion in the U.S. economy. This rapid expansion of business income has raised an important equity question: who’s earning the income and accumulating the wealth? This study compares changes in income and wealth between small business owning households and other non-business owning households and examines what types of small businesses realized the most substantial gains in income and wealth. While the robust financial growth in the early 1990’s increased aggregate household wealth, small business owners actually saw their share of aggregate household wealth decline. The relatively modest financial success of households owning at least one small business in relation to households not owning a business in this very prosperous economic time suggests that investments in businesses realized lower financial returns that investments in other assets.
|Date of creation:||03 Mar 2003|
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- Arthur B. Kennickell & Martha Starr-McCluer, 1994. "Changes in family finances from 1989 to 1992: evidence from the Survey of Consumer Finances," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Oct, pages 861-882.
- Arthur B. Kennickell & Martha Starr-McCluer & Annika E. Sunden, 1997. "Family finances in the U.S.: recent evidence from the Survey of Consumer Finances," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Jan, pages 1-24.
- Arthur Kennickell & Janice Shack-Marquez, 1992. "Changes in family finances from 1983 to 1989: evidence from the Survey of Consumer Finances," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Jan, pages 1-18.
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