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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: https://www.stlouisfed.org/publications/regional-economist/july-2012/household-financial-stability--who-suffered-the-most-from-the-crisis
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    Citations

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    Cited by:

    1. William R. Emmons & Bryan J. Noeth, 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.
    2. Inhwa Kim, 2024. "Dreaming for unveiling housing inequality: mortgage lending disparities within the heartland of America," SN Business & Economics, Springer, vol. 4(10), pages 1-54, October.
    3. Valentina Duque & Natasha V Pilkauskas & Irwin Garfinkel, 2018. "Assets among low-income families in the Great Recession," PLOS ONE, Public Library of Science, vol. 13(2), pages 1-21, February.
    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. Olga Zakrevskaya & Sharon Mastracci, 2013. "Differential Effects of the Great Recession by Household Type," Challenge, Taylor & Francis Journals, vol. 56(6), pages 87-114.
    6. William R. Emmons & Bryan J. Noeth, 2013. "Economic vulnerability and financial fragility," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 361-388.
    7. María del Rosario Ruiz Hernández. & Leonardo Adalberto Gatica., 2021. "Efectos de la gran recesión sobre la distribución del ingreso en México. (The Effects of the Great Recession on the Income Distribution in Mexico)," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(1), pages 55-88, May.
    8. Fabian T. Pfeffer & Sheldon Danziger & Robert F. Schoeni, 2013. "Wealth Disparities Before and After the Great Recession," The ANNALS of the American Academy of Political and Social Science, , vol. 650(1), pages 98-123, November.
    9. 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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