Morning Must-Read: Fabian Pfeffer, Sheldon Danziger, and Rovert Schoeni: >Wealth Levels, Wealth Inequality, and the Great Recession
The highly respected Bruce Bartlett sends us to a brand-new cracking o the recent PSID from Fabian Pfeffer, Sheldon Danziger, and Rovert Schoeni: Wealth Levels, Wealth Inequality, and the Great Recession: "By 2013, in spite of the Great Recession...
...wealth at the 90th and 95th percentiles were higher than in 2003... net worth at the median was about $32,000 lower.... The median of net wealth not held in real estate... declined by only $6,900 between 2007 and 2013... compared to a decline in median total net worth of about $42,500.... Through at least 2013 there are very few signs of significant recovery from the losses in wealth experienced by American families during the Great Recession...
