Changes in U.S. Family Finances from 2010 to 2013 - Evidence from the Survey of Consumer Finances
by Board of Governors of the Federal Reserv (9781511919166)

Changes in U.S. Family Finances from 2010 to 2013 - Evidence from the Survey of Consumer Finances
 
Board of Governors of the Federal Reserv
Format: Paperback / softback
Pages: 42
Category: Business & Management
Publisher: Createspace
ISBN: 9781511919166
ISBN-10: 1511919167



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."

AUD $19.95

 This title is not held in stock & is ordered from suppliers, subject to availability.


View other Board of Governors of the Federal Reserv titles like "Changes in U.S. Family Finances from 2010 to 2013 - Evidence from the Survey of Consumer Finances"



Write a customer review of Changes in U.S. Family Finances from 2010 to 2013 - Evidence from the Survey of Consumer Finances.



If you like this title please tell others:

tell others

post to your Facebook wall post on Twitter post on Digg recommend to Stumbleupon bookmark on Delicious RSS feed send to a friend


Australian BookShop
Australian Bookshop. Established 2003
Search
Shopping Cart Customer Support


HolisticPage
International Online Store
of Inspiration
we ship everywhere
Australia Post
Australia Wide
.
Worldwide