Household wealth trends in the United States, 1983-2010
研究1983-2010年美国居民家庭财富趋势,发现2007-2010年间中位财富暴跌47%,净财富不平等急剧上升,中产阶级负债相对增加,种族和年龄群体财富差距扩大。
This study investigates wealth trends from 1983 to 2010. The most telling finding is that median wealth plummeted over the years 2007–10 by 47 per cent. The inequality of net worth, after almost two decades of little movement, was up sharply between 2007 and 2010. Relative indebtedness continued to expand during the late 2000s for the middle class, though the proximate causes were declining net worth and income, rather than an increase in absolute indebtedness. The sharp fall in median net worth and the rise in its inequality from 2007 to 2010 are traceable to the high leverage of middle-class families and the high share of homes in their portfolio. The racial and ethnic disparity in wealth holdings, after remaining more or less stable from 1983 to 2007, widened considerably between 2007 and 2010. Hispanics, in particular, got hammered by the Great Recession in terms of net worth and net equity in their homes. Households under age 45 also got pummelled by the Great Recession, as their relative and absolute wealth declined sharply from 2007 to 2010.