Chapter 2: Explaining the Differential Wealth Recovery
Wealthier households tended to gain most of the wealth created from 2009 to 2011 because they were much more likely to own the assets that rose the most in value. From 2009 to 2011, average net worth per household rose 14% overall. However, average net worth excluding home equity rose 31%, from $195,650 in 2009 […]