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How Frustrated Are Americans?

Author

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  • Ngina Chiteji
  • Sheldon Danziger

Abstract

The authors analyze data from an in-depth survey of about 900 residents in Detroit to determine how indebted they were. The results suggest that it will take considerably more time for Americans to feel comfortable enough to spend again. That may well mean that the long and slow economic recovery is likely to continue.

Suggested Citation

  • Ngina Chiteji & Sheldon Danziger, 2012. "How Frustrated Are Americans?," Challenge, Taylor & Francis Journals, vol. 55(4), pages 63-77.
    • Handle: RePEc:mes:challe:v:55:y:2012:i:4:p:63-77
    DOI: 10.2753/0577-5132550404
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    References listed on IDEAS

    as
    1. Rajashri Chakrabarti & Donghoon Lee & Wilbert van der Klaauw & Basit Zafar, 2013. "Household Debt and Saving during the 2007 Recession," NBER Chapters, in: Measuring Wealth and Financial Intermediation and Their Links to the Real Economy, pages 273-322, National Bureau of Economic Research, Inc.
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    3. Congressional Budget Office, 2011. "Budget and Economic Outlook: Fiscal Years 2011 to 2021," Reports 21999, Congressional Budget Office.
    4. Congressional Budget Office, 2011. "Budget and Economic Outlook: Fiscal Years 2011 to 2021," Reports 21999, Congressional Budget Office.
    5. Andrew Sum & Joseph McLaughlin, 2010. "The Massive Shedding of Jobs in America," Challenge, Taylor & Francis Journals, vol. 53(6), pages 62-76.
    6. repec:cbo:report:219993 is not listed on IDEAS
    7. Robert Wade, 2011. "The Economy Has Not Solved Its Problems," Challenge, Taylor & Francis Journals, vol. 54(2), pages 5-41.
    8. Andrew Sum & Ishwar Khatiwada, 2012. "Ignoring Those Left Behind," Challenge, Taylor & Francis Journals, vol. 55(2), pages 5-20.
    9. Congressional Budget Office, 2011. "Budget and Economic Outlook: Fiscal Years 2011 to 2021," Reports 21999, Congressional Budget Office.
    10. Congressional Budget Office, 2011. "Budget and Economic Outlook: Fiscal Years 2011 to 2021," Reports 21999, Congressional Budget Office.
    11. repec:cbo:report:219996 is not listed on IDEAS
    12. repec:cbo:report:219997 is not listed on IDEAS
    13. repec:cbo:report:219994 is not listed on IDEAS
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