Wealth Levels, Wealth Inequality, and the Great Recession

This research brief assesses two questions about the extent to which the Great Recession altered the level and distribution of wealth through 2013--the most recent year of data available on wealth held by American families. 1. By how much did wealth levels decline during the Great Recession, and by how much did they recover through 2013? 2. Did wealth inequality increase, decrease, or remain steady during the Great Recession?

Reference Information

Author: 

Fabian T. Pfeffer,
Sheldon Danziger,
Robert F. Schoeni
Publisher: 
Russell Sage Foundation
Publication Date: 
May 2014