In the News 2014
In the News
Cynamon Discusses Income Inequality in Salon Q&A
Barry Cynamon, a visiting scholar at the Federal Reserve Bank of St. Louis, and Steven Fazzari, professor of economics at Washington University in St. Louis, participated in a Q&A for Salon on how the Great Recession and its effects are linked to income inequality, and what implications this will have on the United States.
Bloomberg Businessweek Interviews Emmons about Older Americans’ Growing Wealth
Bloomberg Businessweek interviewed William Emmons, senior economic adviser at the Center for Household Financial Stability, for a story about wealth concentration among older Americans. Emmons discussed the likelihood of this trend continuing as the country further recovers from the latest recession.
Center Staff Publish Washington Post Op-ed
The director and senior economic adviser for the Center for Household Financial Stability co-authored an op-ed in The Washington Post on Dec. 31, 2014. The authors examined the Federal Reserve's recent Survey of Consumer Finances on the wealth and income of African American (and other) families and concluded that, with well-designed economic interventions and some vision among leaders, more financially fragile Americans could thrive.
St. Louis Business Journal Interviews Noeth about Student Debt
The St. Louis Business Journal interviewed Bryan Noeth, a policy analyst at the Center for Household Financial Stability, for a story about rising student debt in the United States and the St. Louis area. Noeth discussed key factors that have contributed to the increase and why individuals in the St. Louis area appear to have larger amounts of student debt than those in other regions.
October's In the Balance Receives Coverage in Local and National News
The October 2014 issue of In the Balance, which discussed the Center's "financial health scorecard," a new tool the Center created to evaluate Americans’ financial health, was featured in Business Management Daily, ConsumerAffairs, WDRB-TV, the National Journal, the St. Louis Business Journal, The Meridian Star, and TIME Magazine. The authors found that good financial health is highly correlated with the accumulation of wealth, and that, surprisingly, educational attainment was not as strongly associated with financial health and wealth as age or race and ethnicity.
Boshara Discusses Child Well-Being on PBS
Ray Boshara, director of the Center for Household Financial Stability, participated in a panel discussion on Child Well-Being on the show "Stay Tuned" on Nine Network of St. Louis (PBS), following a Washington University symposium hosted by the Center.
Bloomberg Interviews Emmons about the Silent Generation
Bloomberg interviewed William Emmons, senior economic adviser at the Center for Household Financial Stability, for a story about the financial situation of the so-called "Silent Generation" (those born between 1925 and 1942) and their impact on the economy.
Boshara Discusses Bank Accounts and Household Financial Stability with the St. Louis Post-Dispatch
Ray Boshara, director of the Center for Household Financial Stability, explained to the St. Louis Post Dispatch the role of bank accounts in financially stable households.
St. Louis Business Journal Features Center Analysis
The St. Louis Business Journal published an article about homeownership among younger families, including analysis by Bryan Noeth, policy analyst at the Center for Household Financial Stability.
Center Staff Discuss 2013 Survey of Consumer Finances in the News
The Center staff's comments on the results of the Federal Reserve Board's 2013 Survey of Consumer Finances were featured in The Atlanta Journal-Constitution, the National Journal and the St. Louis Business Journal.
Media Coverage Highlights June's In the Balance
The June issue of In the Balance, which examined household wealth trends for Hispanics, was featured in Bloomberg News, the Latin Times, the National Journal, St. Louis Business Journal and The Washington Post. The authors in the latest issue conclude that the Hispanic population’s share of wealth in the United States will likely grow to an all-time high within 10 years.
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
Multiple media outlets featured content from a recent symposium titled, "The Balance Sheets of Younger Americans: Is the American Dream at Risk?" Bloomberg, The Deseret News, NPR, KMOX NewsRadio, KWMU-FM and The Wall Street Journal included coverage of the May 8-9, 2014 event or related topics.
Bloomberg Radio Covers In the Balance
Bloomberg Radio host Pimm Fox discussed household wealth recovery across age groups with the Center for Household Financial Stability's William Emmons and Ray Boshara. The interview, part of "The Hays Advantage" show, aired March 31, 2014.
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
The February issue of In the Balance, which examined the lag in recovery of young families’ balance sheets, was featured in The Washington Post, the St. Louis Business Journal, KWMU-FM, Bloomberg, the St. Louis Post-Dispatch and the Chicago Tribune.
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:
Several local and national media outlets have mentioned a paper released last week by Barry Z. Cynamon, visiting scholar at the Center for Household Financial Stability, and co-author Steven M. Fazzari of Washington University in St. Louis. The paper, titled "Inequality, the Great Recession and Slow Recovery," was mentioned in The Washington Post in an article published on Jan. 24, 2014, in the New Republic on Jan. 27, 2014, in The New York Times and St. Louis Post-Dispatch on Feb. 2, 2014, and in The Atlanta Journal-Constitution and Business Insider on Feb. 3, 2014.