Wealth Gaps Rise to Record Highs Between Whites, Blacks and Hispanics
The lopsided wealth ratios are the largest since the government began publishing such data a quarter century ago and roughly twice the size of the ratios that had prevailed between these three groups for the two decades prior to the Great Recession that ended in 2009.
Home Sweet Home. Still.
The five-year swoon in home prices has done little to shake the confidence of the American public in the investment value of homeownership. A new survey finds that fully eight-in-ten (81%) adults agree that buying a home is the best long-term investment a person can make although there has been some falloff in the intensity of the public’s faith.
Inflation Staggers Public but Economy Still Seen As Fixable
Beyond widespread anxiety about energy costs, a growing number of Americans say it is difficult for them to afford food. Yet most are confident that even in an era of global economic interdependence the federal government is capable of fixing the economy
Economic Pessimism Grows as Nation’s Real Estate Slump Hits Wealthy Areas
Public assessments of the nation’s economy have fallen to a two-year low. Faced with a steady stream of negative news about the housing market, Americans are substantially less inclined than they were even a few months ago to say they expect home prices to rise over the next few years.