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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Both a family head’s education and that of his or her parents affect how much income and wealth a family has.
Past recessions have been heralded by signals from the housing market, find out which indicators to watch for a potential slowdown.
As fewer young adults wed, those who are married have a larger concentration of housing wealth, while those who aren’t face more debt.
Learn more about the risks and benefits of homeownership, and how that matters for the economy.