The Center for Household Financial Stability was launched by the Federal Reserve Bank of St. Louis in May 2013 to research and strengthen the balance sheets of struggling American families.
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Black boys are more likely to do worse economically than their parents—what researchers call “downward intergenerational mobility.”
The finances and the numbers of white working class families are declining. A recent Center event addressed those challenges.
New research by Center Fellow Mike Stegman finds that the receipt of down payment assistance—an important path to first-time homeownership—isn’t associated with greater default risk.
While the overall financial returns to a college education remain strong, the returns for recent graduates appear to be fading.