Changes in U. S. Family Finances from 2007 to 2010: Evidence from the Survey of Consumer Finances PDF Download
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Author: Jesse Bricker
Publisher:
ISBN: 9781477645529
Category : Households
Languages : en
Pages : 80
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Book Description
The Federal Reserve Board's Survey of Consumer Finances for 2010 provides insights into changes in family income and net worth since the 2007 survey. The survey shows that, over the 2007-10 period, the median value of real (inflation-adjusted) family income before taxes fell 7.7 percent, while mean income fell more sharply, an 11.1 percent decline. Both median and mean net worth decreased even more dramatically than income over this period, though the relative movements in the median and the mean are reversed; the median fell 38.8 percent, and the mean fell 14.7 percent. This article reviews these and other changes in the financial condition of U.S. families, including developments in assets, liabilities, and debt payments.
Author: Jesse Bricker
Publisher:
ISBN: 9781477645529
Category : Households
Languages : en
Pages : 80
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Book Description
The Federal Reserve Board's Survey of Consumer Finances for 2010 provides insights into changes in family income and net worth since the 2007 survey. The survey shows that, over the 2007-10 period, the median value of real (inflation-adjusted) family income before taxes fell 7.7 percent, while mean income fell more sharply, an 11.1 percent decline. Both median and mean net worth decreased even more dramatically than income over this period, though the relative movements in the median and the mean are reversed; the median fell 38.8 percent, and the mean fell 14.7 percent. This article reviews these and other changes in the financial condition of U.S. families, including developments in assets, liabilities, and debt payments.
Author: Dorothy S. Projector
Publisher:
ISBN:
Category : Budgets, Personal
Languages : en
Pages : 342
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Book Description
Author: Jesse Bricker
Publisher:
ISBN: 9781457866685
Category :
Languages : en
Pages : 41
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Book Description
The Federal Reserve Board's triennial Survey of Consumer Finances (SCF) collections information about family incomes, net worth, balance sheet components, credit use, and other financial outcomes. This report summarizes information from the 2013 SCF, which reveals substantial disparities in the evolution of income and net worth since the previous time the survey was conducted, in 2010. During the three years between the beginning of the 2010 and 2013 surveys, real GDP grew at an annual rate of 2.1%, the civilian unemployment rate fell from 9.9% to 7.5%, and the annual rate of change in the consumer price index (CPI) averaged 2.3%. Although the aggregate economic performance improve substantially, the effect on incomes for different types of families was far from uniform. Figures and tables. This is a print on demand report.
Author: United States. Federal reserve system board fo governors
Publisher:
ISBN:
Category :
Languages : en
Pages : 321
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Book Description
Author: United States. Federal reserve system board of governors
Publisher:
ISBN:
Category :
Languages : en
Pages : 321
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Book Description
Author:
Publisher: DIANE Publishing
ISBN: 1437984053
Category :
Languages : en
Pages : 37
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Book Description
Author: Board of Board of Governors of the Federal Reserve System
Publisher: CreateSpace
ISBN: 9781511919166
Category :
Languages : en
Pages : 42
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Book Description
The improvements in economic activity along with changes in house and corporate equity prices combined to effectively stabilize average and median family net worth (wealth) between 2010 and 2013 after both measures fell dramatically between 2007 and 2010. The CoreLogic national house price index increased at an annual rate of 2.0 percent between early 2010 and early 2013, just below the rate of consumer price inflation. The value of corporate equity holdings, as measured by major stock price indexes, grew at just over a 10 percent annual rate between the two surveys, leading to large inflation-adjusted increases in equity holdings.6 These differential price trends had predictable effects on the distribution of changes in net worth across the population: Overall, between 2010 and 2013 there was little movement in median and mean net worth, as the median fell a modest 2 percent and the mean increased slightly (figure 2). Consistent with income trends and differential holdings of housing and corporate equities, families at the bottom of the income distribution saw continued substantial declines in real net worth between 2010 and 2013, while those in the top half saw, on average, modest gains. Ownership rates of housing and businesses fell substantially between 2010 and 2013. Retirement plan participation in 2013 continued on the downward trajectory observed between the 2007 and 2010 surveys for families in the bottom half of the income distribution. Participation rebounded slightly for upper-middle income families, but it did not move back to the levels observed in 2007."
Author: Martha Starr-McCluer
Publisher:
ISBN:
Category : Families
Languages : en
Pages : 29
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Book Description
Author:
Publisher:
ISBN:
Category : Households
Languages : en
Pages : 55
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Book Description
Author: Brian K. Bucks
Publisher:
ISBN:
Category : Families
Languages : en
Pages : 38
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Book Description
