Home > Events & News > Brown Bag Schedule . Archive

PSC In The News

RSS Feed icon

Shaefer says drop child tax credit in favor of universal, direct investment in American children

Buchmueller breaks down partisan views on Obamacare

ISR's Conrad says mobile phone polling faces non-response bias

More News


Gonzalez, Alter, and Dinov win NSF "Big Data Spokes" award for neuroscience network

Post-doc Melanie Wasserman wins dissertation award from Upjohn Institute

ISR kicks off DE&I initiative with lunchtime presentation: Oct 13, noon, 1430 ISR Thompson

U-M ranked #4 in USN&WR's top public universities

More Highlights

Next Brown Bag

Mon, Oct 24 at noon:
Academic innovation & the global public research university, James Hilton

story art

Pfeffer says housing bubble masked decade-long growth in household net worth inequality

a PSC In The News reference, 2014

"The Typical Household, Now Worth a Third Less" - New York Times. 07/26/2014.

This story reports on a recent Russell Sage-funded study highlighting the growth of economic inequality in the U.S. The investigators, Fabian Pfeffer, Sheldon Danziger, and Robert Schoeni, found that net worth declined 36% 2003-2013 for households at the median level, but rose 14% during the same period for households in the top 5%. Although household wealth at the median level appeared to be rising until 2007, much of that gain came from rising home values. Pfeffer, lead author of the study report, says: "The housing bubble basically hid a trend of declining financial wealth at the median that began in 2001."

Related journal article


Fabian T. Pfeffer
Robert F. Schoeni
Sheldon H. Danziger

More Media Coverage:

Washington Post. The middle class is 20 percent poorer than it was in 1984. 7/29/2014.

Business Insider. American Families Haven't Made Much Of A Comeback Since The Great Recession. 7/29/2014.

View News Archive