Search results for: “homeownership”

The most ubiquitous assets in American households are owned homes, motor vehicles and interest-earning assets at financial institutions (savings accounts, etc.). About half of all households also carry some form of unsecured liability. The combination of relatively high ownership rates and high levels of equity places an owned home at the center of most household […]

The period of 2005 to 2009 was marked by a series of tumultuous economic developments. A bubble in the housing market burst in 2006, triggering the Great Recession in 2007 and a stock market collapse in 2007-2008. Each of these events was historic in its magnitude, and it is not surprising that household wealth would […]

Adjusted for inflation,[8. numoffset=”8″ Unless otherwise stated, all data in this report are expressed in 2009 dollars.] the median wealth, or net worth, of U.S. households fell from $96,894 in 2005 to $70,000 in 2009, a drop of 28%. The precipitous decline in wealth was not evenly distributed across groups. Minority households—Hispanics, blacks and Asians—experienced […]