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Center for Household Financial Stability

Center for Household Financial Stability logoThe Center for Household Financial Stability conducts primary and applied research on family balance sheets—including the health of U.S. family balance sheets, why they matter, and new ideas to improve them. The Center leverages its research to inform public policy, community practice, families, and future research.
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"After the Fall: Rebuilding Family Balance Sheets, Rebuilding the Economy"
Ray Boshara and Bill Emmons talk about the need to rebuild household balance sheets in this short video.

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Announcements

Media Coverage

  • Media Coverage Highlights June's In the Balance
  • International Business Times Interviews Emmons About Consumer Spending
    • The International Business Times interviewed William Emmons, senior economic adviser at the Center for Household Financial Stability, for a story about consumer spending’s impact on economic growth. The article was published on June 27, 2014.
  • Los Angeles Times Interviews Emmons About Consumer Behavior
    • The Los Angeles Times interviewed William Emmons, senior economic adviser at the Center for Household Financial Stability, for a story about how Americans save and spend now compared to their behavior before the recession. The article was published on June 27, 2014.
  • Bloomberg Businessweek Interviews Emmons About Outlook for Millennials
    • Bloomberg Businessweek interviewed William Emmons, senior economic adviser at the Center for Household Financial Stability, for a story about the economic outlook for those in their early 20s. Emmons said he is optimistic about the prospects for that demographic. The article was published on June 26, 2014.
  • McClatchy Interviews Boshara About Prize-Linked Accounts
    • McClatchy DC interviewed Ray Boshara, director at the Center for Household Financial Stability, about the risks and benefits of prize-linked savings accounts, which offer customers the opportunity to win money every time they make a deposit. The article was published on June 26, 2014.
  • Bloomberg Features Center’s Analysis of Generation X’s Net Worth
    • News wire Bloomberg on June 9, 2014, included analysis from the Center for Household Financial Stability in an article about the trailing wealth of Generation X and how that may affect those adults’ retirement prospects. The article quoted the Center’s senior economic adviser, Bill Emmons, who explained the reasons why that generation is lagging behind others.
      read the article »
  • Recent Research Symposium Receives Media Attention
  • Boston College Blog Features Center’s Analysis
    • The Squared Away Blog, published by the Center for Retirement Research at Boston College, interviewed the director and chief economic adviser of the Center for Household Financial Stability for a blog post on March 27, 2014. The post covered the Center’s analysis of wealth recovery across demographically defined groups.
  • Reuters Interviews Emmons About Household Debt
    • In a Reuters article published March 18, 2014, William Emmons, senior economic adviser at the Center for Household Financial Stability, talked about debt among groups that are economically vulnerable and financially fragile, including younger, less-educated and minority families.
  • Emmons Interviewed for WSJ Story on Household Wealth
    • In a story published on March 7, 2014, in The Wall Street Journal, William Emmons, senior economic adviser at the Center for Household Financial Stability, discusses the inequality of wealth gains that people across the country are experiencing, as much of the surge in wealth is going to older Americans and affluent Americans.
  • Reuters Talks with Boshara about Child Savings Accounts
    • News wire Reuters on March 6, 2014, published a story about new federal legislation that would create Roth accounts for youth savings. In the story, Ray Boshara, the director of the Center for Financial Stability who developed ideas for youth savings accounts in his previous role as vice president at the New America Foundation, discussed previous efforts in the child savings field, as well as the benefits of saving from a young age.
  • Media Coverage Highlights In the Balance
  • Emmons Discusses Homeownership on St. Louis PBS Show
    • William Emmons, senior economic adviser at the Center for Household Financial Stability, appeared Feb. 27, 2014, on "Stay Tuned" on St. Louis' local PBS station. Emmons and the show's other St. Louis-area guests discussed homeownership.
      watch the video »
  • Inequality Paper in the News:
  • Media Coverage Highlights Center Publication
  • "Balancing a College Major, College Choice and Student Debt"
    • In an op-ed published in the St. Louis Post-Dispatch on Dec. 5, 2013, Bryan Noeth, policy analyst at the Center for Household Financial Stability, wrote about the rising level of student debt in the St. Louis region and the nation. He explained some of the solutions and alternatives that participants discussed at the Center's Nov. 18, 2013, symposium on student loans.
  • Recent Student Loan Symposium Receives Media Attention
  • Media Coverage Highlights Paper on the Status of Older Americans
    • A new working paper by Senior Economic Adviser William Emmons and Policy Analyst Bryan Noeth, both at the Center for Household Financial Stability, has received media coverage from a variety of sources. The paper, "The Economic and Financial Status of Older Americans," discusses how today's seniors—who were born before the end of WWII—were protected from some of the losses incurred during the recent recession. This cohort entered the job market during the booming post-war economy and advanced in their careers as wages, stocks and houses all grew in value. While this older generation may, in fact, have been "born at the right time," they also rely more heavily on more stable sources of income, such as Social Security and pension wealth. Multiple media outlets covered this paper including: NBC News on Oct. 28, 2013; the St. Louis Post-Dispatch on Nov. 5, 2013; the St. Louis Beacon on Nov. 6, 2013; Time magazine on Nov. 6, 2013; and The Columbus Dispatch on Nov. 6, 2013.
  • "The 5-year Mark: Stock Market is Booming, but Most Households Have Not Regained Lost Wealth"
    • In an article published in the St. Louis Beacon on Sept. 19, 2013, Ray Boshara, director of the Center for Household Financial Stability, explained the uneven economic recovery among U.S. households. He also described the household balance-sheet failures that contributed to the financial crisis and economic downturn.
  • "Home Finance Write-offs Drop 20 Percent"
    • In a HousingWire article published Aug. 29, 2013, William Emmons, senior economic adviser for the Center for Household Financial Stability, discussed mortgage debt in terms of economic recovery. He said that mortgage debt is still elevated, deleveraging is still happening and it could be a while before the overall debt-to-income ratio returns to a normal level. He also added that the direction in which the trend swings, and how quickly it swings that direction, ultimately depends on how the economy performs.
  • "Low-Income Folks Should Build Wealth, Then Buy a Home"
    • Ray Boshara, director of the Center for Household Financial Stability, was part of a recent episode of the radio show Marketplace Money. The episode aired from Aug. 23-25, 2013 in media markets across the country, and is now available on Marketplace Money's website.

      Boshara discussed homeownership for low- and moderate-income families. He talked about household wealth recovery, whether homeownership is right for struggling families, how they need to be financially prepared for homeownership, and why it is important for families to diversify their assets beyond owning a home.
  • "Middle Class Asks: Should We Buy Our Homes?"
    • In a Marketplace radio news story that aired Aug. 5, 2013, Ray Boshara, director of the St. Louis Fed's Center for Household Financial Stability, talked about household wealth recovery, whether homeownership is right for middle-class families, and why it is important for families to diversify their assets.
  • "How Our Debt Slows Down Louisville's Economy"
    • In the Louisville Courier-Journal's "Better Life" series, columnist Jere Downs interviewed Ray Boshara and covered his presentation, "Great Expectations: The Rise, Fall and Future of Family Balance Sheets," held July 17, 2013, in Louisville. Boshara discussed recent Center analysis that found American households recovered only about two-thirds of the wealth they lost during the last recession, leaving them without the confidence or spending power to fuel a robust economic recovery. He also addressed why some families are recovering faster than others, and why the financial health of every family matters for both economic mobility and for our nation's economy.
  • See all media coverage »