Generation Xers were hit particularly hard in the recession. Yet Gen Xers are the only generation of households to recover the wealth they lost in the downturn.
Americans recognize stocks as the feature of the economy that’s recovered the most strongly from the Great Recession. But inflation means the market’s gains aren’t quite as robust as they might first appear.
The median wealth of white households was 13 times the wealth of black households and 10 times that of Hispanic households in 2013, compared with eight and nine times, respectively, in 2010.