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Which Families Are Most Vulnerable to an Income Shock? A Look at Race and Ethnicity
While liquid assets, education and other factors are associated with how economically resilient families may be during a crisis, race and ethnicity are also related.
Journal Article
Thanks, Dad: You Were Right about Saving and Paying Off Debt
Ray Boshara shares a lesson his father taught him about always having cash to fall back on. Recent research shows that his dad was right.
Report
After the fall : rebuilding family balance sheets, rebuilding the economy
Essay from the 2012 Annual Report.
Five Ideas to Support Families amid Growing Wealth Inequality
Setting up emergency savings and creating new ways to build wealth are some ideas that could increase the economic resiliency of U.S. families.
Journal Article
Introduction
Journal Article
Does College Level the Playing Field?
The answer to this question may be ?No?; read about a research symposium and subsequent paper that explored the links between race and ethnicity, and education and wealth.
Periodic Essay
The Demographics of Wealth - How Age, Education and Race Separate Thrivers from Strugglers in Today's Economy. Essay No. 2: The Role of Education
New research by the Center for Household Financial Stability shows that there's a strong correlation between education and money. More of the former often leads to more of the latter. However, correlation is not causation?there is no guarantee that more education will lead to more wealth. Many other factors might be in play, such as natural ability, family environment, inheritances and even health. It's entirely possible that what's learned in the classroom has much less influence on lifetime earnings and wealth accumulation than most people believe. In fact, your ability, family background, ...
Journal Article
Financial Fragility Following COVID-19 Income Shocks: Who is Most Vulnerable?
The COVID-19 pandemic prompts the Center for Household Financial Stability team to weigh the causes of certain families being more at-risk to economic shock than others.
Periodic Essay
The Demographics of Wealth - How Age, Education and Race Separate Thrivers from Strugglers in Today's Economy. Essay No. 3: Age, Birth Year and Wealth
Although there may be downsides to old age, those 62 and older can take heart in knowing that the odds are in favor of their being wealthier than younger people. And the gap has widened considerably over the past quarter-century?in favor of old people. That said, being old isn?t what it used to be. Baby boomers, who are now retiring in droves, are likely to be less well-off than their ?old? counterparts in the two previous generations. And it looks as if members of the next two generations ? Generation X and Generation Y (the millennials) ? might also end up less wealthy than the generation ...
Report
The Demographics of Wealth 2015, Essay No. 2: Education and Wealth
This essay documents large and growing differences in financial choices and financial outcomes across educational levels since at least 1989, when our data begin.