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Research Article
Open Access

Household Wealth Trends in the United States, 1962 to 2013: What Happened over the Great Recession?

Edward N. Wolff
RSF: The Russell Sage Foundation Journal of the Social Sciences October 2016, 2 (6) 24-43; DOI: https://doi.org/10.7758/RSF.2016.2.6.02
Edward N. Wolff
aProfessor of economics at New York University, research associate at the National Bureau of Economic Research, and editorial board member of the Journal of Economic Inequality and the Review of Income and Wealth
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    Figure 1.

    Mean and Median Net Worth (in Thousands, 2013 Dollars)

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    Figure 2.

    Mean and Median Household Income (in Thousands, 2013 Dollars)

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    Figure 3.

    Wealth and Income Inequality (Gini Coefficients)

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RSF: The Russell Sage Foundation Journal of the Social Sciences: 2 (6)
RSF: The Russell Sage Foundation Journal of the Social Sciences
Vol. 2, Issue 6
1 Oct 2016
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Household Wealth Trends in the United States, 1962 to 2013: What Happened over the Great Recession?
Edward N. Wolff
RSF: The Russell Sage Foundation Journal of the Social Sciences Oct 2016, 2 (6) 24-43; DOI: 10.7758/RSF.2016.2.6.02

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Household Wealth Trends in the United States, 1962 to 2013: What Happened over the Great Recession?
Edward N. Wolff
RSF: The Russell Sage Foundation Journal of the Social Sciences Oct 2016, 2 (6) 24-43; DOI: 10.7758/RSF.2016.2.6.02
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  • Article
    • Abstract
    • HISTORICAL BACKGROUND
    • DATA SOURCES AND METHODS
    • MEDIAN WEALTH PLUMMETS OVER THE GREAT RECESSION
    • WEALTH INEQUALITY JUMPS IN THE LATE 2000S
    • HOUSEHOLD DEBT FINALLY RECEDES
    • THE ROLE OF LEVERAGE IN EXPLAINING WEALTH TRENDS
    • CONCLUDING REMARKS
    • Acknowledgments
    • FOOTNOTES
    • REFERENCES
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Keywords

  • household wealth
  • inequality
  • portfolio composition

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