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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Financial health, homeownership and flood insurance status before a hurricane altered the financial hardship of flooding on families.
The white working class’s population is rapidly shrinking. We find “deaths of despair” are a small part of the explanation and instead rising education attainment matters more.
“Millennials are the largest adult generation in the U.S. and make up the majority of the workforce. Yet, their wealth is much lower than what we would expect.
Over the past year, four housing indicators have moved in ways consistent with patterns seen before three previous recessions.