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Household Wealth

Investing in Tomorrow Means Building Assets Today

Patrick McCarthy | Posted 03.07.2017 | Impact
Patrick McCarthy

If there's one thing we can count on in life, it's to expect the unexpected. We head out to work in the morning and find that the car won't start. A c...

Building Economic Resilience for Families and Cities

Bob Annibale | Posted 06.08.2015 | Politics
Bob Annibale

While Boston is rapidly becoming a hub of opportunity for some, the breadth of this financial instability exposes an inequality of opportunity that hurts both families and Boston's long-term economic prospects. If we want to begin to address inequality, we must ensure that families have the tools necessary to become economically resilient.

Do Minimum Wage Increases Benefit the Middle Class?

Timothy J. Barnett | Posted 12.13.2014 | Business
Timothy J. Barnett

This is not to argue against minimum wage increases as much as to argue that this remedy must not be substituted for reforms at deeper levels.

Why Everybody Is Mad At Rich People

The Huffington Post | Mark Gongloff | Posted 07.29.2014 | Business

Rich people have been wondering why everybody is so mad at them when all they do is create jobs and have better genes and work harder than the rest of...

Household Debt Is Still Too Damn High

The Huffington Post | Mark Gongloff | Posted 08.15.2013 | Business

A consensus seems to be forming that U.S. consumers have cleaned up their balance sheets enough that they're ready to stuff themselves with debt all o...

The State of Lending: Progress & More Work

Ellen Schloemer | Posted 02.09.2013 | Money
Ellen Schloemer

This week, the organization I work for -- the Center for Responsible Lending (CRL) -- will release the first in a series of reports on the prevalence ...

Americans' Net Worth Hit Lowest Level In 41 YEARS

The Huffington Post | Harry Bradford | Posted 11.26.2012 | Business

Stunning new research from a New York University economics professor reveals just how wide the chasm between the rich and everyone else has grown over...

Dan Froomkin

Half Of American Households Hold 1 Percent Of Its Wealth | Dan Froomkin | Posted 07.19.2012 | Business

WASHINGTON -- The share of the nation's wealth held by the less affluent half of American households dropped precipitously after the financial crisis,...

Report: In 2009, Americans Paid Taxes At The Lowest Rate In 30 Years

Posted 07.11.2012 | Business

In 2009, Americans handed over the smallest percentage of their income to the government in 30 years. A major reason? Rich people paid less in taxes. ...

We're More Pessimistic Than Ever

Reuters | Posted 08.29.2012 | Money

* Consumer sentiment falls to lowest since December * Views of economic prospects, employment dim * Inflation expectatio...

America's Vanishing Household Wealth | Posted 08.20.2012 | Money

The median net worth of American families was lower in 2010 than in 1989, according to a Bloomberg Businessweek calculation from the Federal Reserve S...

Why Inequality's Even Worse Than It Seems

Bloomberg View | Michael Kinsley | Posted 06.14.2012 | Business

Bloomberg View The current debate about rich and poor -- the 1 percent versus the 99 percent -- is a bit misleading because the evidence usually is...

Americans Suffered Staggering Decline In Wealth During Recession

Reuters | Posted 08.11.2012 | Business

(In 3rd paragraph, corrects median net worth to $77,300 in 2010, not $77.3 trillion, and corrects to $126,000 in 2007, not $126 trillion.) ...

Janell Ross

Double Down: Banks Seek New Way To Profit From Foreclosure Mess | Janell Ross | Posted 12.28.2011 | Business

Banks helped create the housing crisis, and now they're seeking a new way to profit from it. As Bloomberg reported Monday, several financial and inves...

Recession Hurt The One Percent, Yet The Wealth Gap Remains Huge

The Huffington Post | Alexander Eichler | Posted 01.23.2012 | Business

The recession was hard on everyone, even the one percent. Just not enough to put too large a dent in the overall wealth gap. Income for the very hi...

Who The Recession Left Most Financially Vulnerable

The Huffington Post | Alexander Eichler | Posted 11.29.2011 | Business

While the Great Recession has affected nearly all Americans in some form, it's young adults who have suffered some of the worst economic losses since ...

Congress' Wealth Increases Dramatically

The Huffington Post | Luke Johnson | Posted 01.01.2012 | Politics

Despite the economic recession and declining household wealth, the net wealth of members of Congress continues to rise, according to a Roll Call analy...

Recession Wiped Out Two-Thirds Of Household Wealth For Hispanics: Study

The Huffington Post | Alexander Eichler | Posted 09.25.2011 | Business

Wealth disparities between white households and black and Hispanic households are greater than they’ve been in the past 25 years, a new study from t...

Household Wealth Growth Slows Sharply

Posted 08.09.2011 | Business

CHICAGO- (Ann Saphir) - Household wealth rose by $943 billion in the first quarter, slowing sharply from the previous quarter, and household debt shra...

Americans See Their Wealth Increase -- Thanks To Stocks, Not Real Estate

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

Thanks to a rebounding stock market, Americans' household wealth increased by $2.1 trillion last year, even as high unemployment and a sagging real es...

Household Wealth Jumps $2.1 Trillion In Last Quarter

Posted 05.25.2011 | Business

WASHINGTON (Reuters) - Household wealth rose by $2.1 trillion in the fourth quarter and their debt contracted at the slowest pace since 2008 as consum...