Home > Events & News > Brown Bag Schedule . Archive

PSC In The News

RSS Feed icon

Frey's Scenario F simulation mentioned in account of the Democratic Party's tribulations

U-M Poverty Solutions funds nine projects

Dynarski says NY's Excelsior Scholarship Program could crowd out low-income and minority students

More News

Highlights

Workshops on EndNote, NIH reporting, and publication altmetrics, Jan 26 through Feb 7, ISR

2017 PAA Annual Meeting, April 27-29, Chicago

NIH funding opportunity: Etiology of Health Disparities and Health Advantages among Immigrant Populations (R01 and R21), open Jan 2017

Russell Sage 2017 Summer Institute in Computational Social Science, June 18-July 1. Application deadline Feb 17.

More Highlights

Next Brown Bag

Mon, Jan 23, 2017 at noon:
Decline of cash assistance and child well-being, Luke Shaefer

story art

Pfeffer, Danziger, and Schoeni find uneven wealth gains in slow recovery from recession

a PSC In The News reference, 2014

"Study: Recession and Recovery Widen U.S. Wealth Gap" - Associated Press. 06/24/2014.

This story cites a study by Fabian Pfeffer, Sheldon Danziger, and Robert Schoeni finding that although U.S. households at all levels had not yet recovered by 2011 the wealth lost during the Great Recession, the losses and gains were unevenly distributed. For instance, the top 5% of households lost 16% of their net worth 2007-2012, while the net worth of the median household fell 43%. In 2013, the richest 5% of American households had 24 times the wealth of the median household, up from less than 17% in 2007. The investigators say: "The collapse of the labor, housing, and stock markets beginning in 2007 created unprecedented challenges for American families. ...[T]he declines were greater for less advantaged groups as measured by minority status, education, and pre-recession income and wealth, leading to a substantial rise in wealth inequality in just a few years."

Related journal article

Researchers:

Fabian T. Pfeffer
Robert F. Schoeni

More Media Coverage:

ABC News. Study: Recession and Recovery Widen US Wealth Gap. 6/24/2014.

US News & World Report. Great Recession and slow recovery have widened US wealth gap as home prices trail stock gains. 6/24/2014.

Money. Wealth Inequality Doubled Over Last 10 Years, Study Finds. 6/25/2014.

View News Archive