In the News 2013

In the News

Media Coverage Highlights Center Publication
The St. Louis Business Journal and Time Magazine on Dec. 19 and 20, 2013, covered the December 2013 issue of In the Balance, which focused on the uneven wealth recovery across families and geographies.

"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
Multiple media outlets featured coverage of the recent symposium, "Generation Debt: The Promise, Perils and Future of Student Loans." American Banker, The Current, The Huffington Post, KWMU-FM radio's "St. Louis on the Air" program, and the St. Louis Post-Dispatch included coverage of this timely event, which explored the reality and future of student loans in the St. Louis region and in the U.S. The St. Louis Beacon also featured an article about the symposium on Nov. 18, 2013, and a separate, related article on Nov. 26, 2013.
view symposium materials and videos »

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 web site.
more about the interview »

"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.

Widespread Media Coverage Highlights Essay on Rebuilding Family Balance Sheets and the Economy
Multiple local and national media outlets featured coverage of the St. Louis Fed's 2012 annual report essay, "After the Fall: Rebuilding Family Balance Sheets, Rebuilding the Economy," published May 30, 2013.
more on the media coverage »

"Homeownership: The Right Choice for Low-Income Families?"
In a Marketplace Money radio news story that aired April 12, 2013, St. Louis Fed senior adviser Ray Boshara talked about the reasons homeownership can benefit low-income families, but cautioned that they should strike a healthy balance with their investments and not rely solely on their homes.
more about the interview »

Bloomberg Radio Visits the St. Louis Fed
During an interview on "The Hays Advantage," which was broadcast live from the St. Louis Fed on April 3, 2013, Ray Boshara and William Emmons discussed their research on household balance sheets and why they matter for helping families move forward and for the broader economy. St. Louis Fed President James Bullard and Research Director Chris Waller were also interviewed.
listen to the interviews »

American Public Media's Marketplace Interviews St. Louis Fed's Boshara
In a national Marketplace radio news story on homeownership for low-income families, St. Louis Fed senior adviser Ray Boshara talked with Tracey Samuelson about the benefits of homeownership, but emphasized the need for families to diversify their assets. The show aired March 22, 2013.
more about the interview »

"Consumers Took a Beating in the Great Recession"
by David Nicklaus, St. Louis Post-Dispatch, Feb. 10, 2013.

Media Coverage Highlights Recent Household Financial Stability Symposium
Multiple media outlets featured coverage of the St. Louis Fed's recent research symposium, "Restoring Household Financial Stability after the Great Recession: Why Household Balance Sheets Matter." In an interview on KWMU-FM radio's "St. Louis on the Air" program which aired February 4, 2013, Senior Advisor and Policy Officer Ray Boshara and Assistant Vice President Bill Emmons talked about the Bank's Household Financial Stability initiative.
more media coverage of the event »
more about the interview »

"Weak Household Finances Help Explain the Still-struggling U.S. Economy, say Fed Economists"
by Mary Delach Leonard, St. Louis Beacon, Feb. 4, 2013.

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