Car and Home Ownership Among Low-Income Families in the Great Recession

In a recent paper, Columbia University's Valentina Duque, Natasha Pilkauskas, and Irwin Garkfinkel analyzed the association between the Great Recession and assets among families with children. The study revealed two key findings. First, the recession led to declines in home and car ownership among families of young children. And second, more vulnerable groups — single, cohabiting, Black, and Hispanic families — were most likely to feel these effects, with married or White mothers more likely to be protected.

Reference Information

Author: 

Laurel Sariscsany
Publisher: 
Russell Sage Foundation
Publication Date: 
December 2015