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Mon, Jan 22, 2018, noon: Narayan Sastry

story art

Pfeffer says reasons for falling household wealth in the U.S. elusive, but it has been going on for a long time

a PSC In The News reference

"Americans Are Pissed — This Chart Might Explain Why" - NerdWallet. 05/10/2016.

This story looks at the tumbling median net worth for working- and middle-class American households. Fabian Pfeffer says this slide started well before the housing market crashed in 2007: “Net worth dropped long before the recession, if you exclude housing wealth." Starting in the late 1990s, "the housing bubble was hiding the loss for the typical American household.”

Related paper

Researcher:

Fabian T. Pfeffer

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