New wealth data show that the economic expansion after the Great Recession was a wealthless recovery for many U.S. households

Overview The Federal Reserve‚Äôs 2019 Survey of Consumer Finances, or SCF, released last week, shows that the wealth of many U.S. households never recovered from the shock of the Great Recession more than a decade ago. Although mean (average) wealth of all households in 2019 exceeded mean wealth in 2007 by 9 percent, median (midpoint) … Continue reading New wealth data show that the economic expansion after the Great Recession was a wealthless recovery for many U.S. households