How Has the Predicted Wealth of Families Changed over the Past Few Decades?

During a recent Dialogue with the Fed event, Lowell Ricketts of the St. Louis Fed’s Center for Household Financial Stability discussed how predicted median wealth across families of all age groups changed after the Great Recession. In the few years leading up to the recession, the predicted median net worth of families exceeded long-run predictions across all ages.

In the years following the recession, however, younger and middle-aged families were predicted to have less wealth than the long-run predictions showed, while older families were still expected to come out ahead.

• Dialogue with the Fed: A Lost Generation? Young Families after the Great Recession
• On the Economy: When the Stock Market Rises, Who Benefits?
• On the Economy: Income and Wealth Gaps: College Grads vs. Nongrads