Demographics, Wealth and Opportunity

Size: px
Start display at page:

Download "Demographics, Wealth and Opportunity"

Transcription

1 NCSL Family Opportunity Forum Demographics, Wealth and Opportunity June 14, 2016 William R. Emmons Federal Reserve Bank of St. Louis These comments do not necessarily represent the views of the Federal Reserve Bank of St. Louis or the Federal Reserve System. 1

2 Demographics, Wealth and Opportunity Your balance-sheet choices the assets you own and the liabilities you owe strongly affect your prospects for wealth accumulation and economic mobility. Adequate liquidity (cash reserves, low-cost credit access) Asset diversification Manageable debt The demographics of wealth describe tight but perhaps not unbreakable links between your birth year, education and race or ethnicity and your wealth. Age, education and race or ethnicity strongly predict balance sheets. Racial and ethnic wealth gaps can be explained (mostly) by different financial choices. 2

3 Which Assets and Liabilities Help You Build Wealth? Results from our recent research on the determinants of wealth. Good or bad to have as you start out? Assets Durable goods Good Liabilities Safe and liquid assets Residential real estate Financial and business assets Non-mortgage debt Mortgage debt Good Good Good Bad Good 3

4 Which Assets and Liabilities Help You Build Wealth? Results from our recent research on the determinants of wealth. Good or bad to have as you start out? Increase or decrease % as you build wealth? Assets Durable goods Good Decrease Liabilities Safe and liquid assets Residential real estate Financial and business assets Non-mortgage debt Good Good Good Bad Decrease Decrease Increase Decrease Mortgage debt Good Decrease 4

5 The Demographics of Wealth: An Essay Series Part 1: Race, Ethnicity and Wealth (Feb. 2015). 5

6 The Demographics of Wealth: An Essay Series Part 1: Race, Ethnicity and Wealth (Feb. 2015). Part 2: Education and Wealth (May 2015). 6

7 The Demographics of Wealth: An Essay Series Part 1: Race, Ethnicity and Wealth (Feb. 2015). Part 2: Education and Wealth (May 2015). Part 3: Age, Birth Year and Wealth (July 2015). 7

8 The Demographics of Balance Sheets and Wealth Part 1: Race, Ethnicity and Wealth Groups based on race or ethnicity of family head Non-Hispanic white Non-Hispanic black or African-American Hispanic of any race Other (mainly Asian) 8

9 Wealth Gaps by Race or Ethnicity Were Huge in dollars 9

10 The Changing Distribution of Wealth By Race or Ethnicity 2013 dollars 10

11 The Changing Distribution of Wealth By Race or Ethnicity 2013 dollars 11

12 The Changing Distribution of Wealth By Race or Ethnicity 2013 dollars 12

13 The Changing Distribution of Wealth By Race or Ethnicity 2013 dollars 13

14 The Changing Distribution of Wealth By Race or Ethnicity 2013 dollars 14

15 The Changing Distribution of Wealth By Race or Ethnicity 2013 dollars 15

16 The Changing Distribution of Wealth By Race or Ethnicity 2013 dollars 16

17 The Changing Distribution of Wealth By Race or Ethnicity 2013 dollars 17

18 Why Were Wealth Losses Higher Among Black and Latino Families After 2007? 18

19 Non-White Families Increased Already High Housing Exposures Housing exposure remains higher now than before the boom period. 19

20 Non-White Families Increased Debt Debt ratios remain higher now than before the boom period. 20

21 The Demographics of Balance Sheets and Wealth Part 2: Education and Wealth Groups based on highest educational attainment of family head Did not complete high school or GED High-school diploma or GED 2- or 4-year college degree Post-graduate degree 21

22 In 1989, College Grads Were 28% of Families But Owned 55% of Wealth No college: 72% All college graduates: 28% No college: 45% All college graduates: 55% Note: these figures include all families. Some of our recent work covers only families headed by someone 40 or older. 22

23 In 2013, College Grads Were 39% of Families But Owned 75% of Wealth No college: 61% All college graduates: 39% No college: 25% All college graduates: 75% Note: these figures include all families. Some of our recent work covers only families headed by someone 40 or older. 23

24 Only College-Graduate Medians Are Higher Now Than in 1989 Percent Note: these figures include all families. Some of our recent work covers only families headed by someone 40 or older. 24

25 Housing Exposure Increased More Among Less-Educated Families Housing exposure remains higher now than before the boom period. 25

26 Debt Ratios Increased At All Education Levels Except Postgraduate Debt ratios remain higher now than before the boom period. 26

27 Less-Educated Families Lost More Wealth Than Better-Educated Families 27

28 The Demographics of Balance Sheets and Wealth Part 3: Age, Birth Year and Wealth Groups based on age of family head Young: Under 40 Middle-aged: Old: 62 or older Cohorts based on birth year of family head 5-year cohorts centered on years ending in 0 or 5 Beginning in 1900, ending in

29 Changes in the Age Distribution of Wealth, dollars 29

30 Changes in the Age Distribution of Wealth, dollars 30

31 Changes in the Age Distribution of Wealth, dollars 31

32 Changes in the Age Distribution of Wealth, dollars 32

33 Changes in the Age Distribution of Wealth, dollars 33

34 Changes in the Age Distribution of Wealth, dollars 34

35 Changes in the Age Distribution of Wealth, dollars 35

36 Changes in the Age Distribution of Wealth, dollars 36

37 Changes in the Age Distribution of Wealth, dollars 37

38 Only Age Groups 60+ Have Higher Median Wealth in 2013 Than in dollars Change between 1989 and 2007 Change between 2007 and

39 Result: Young and Middle-Aged Families Lost More Wealth Than Older Families 39

40 All Age Groups 60+ Are Richer Now; All Age Groups Under 60 Are Poorer Percent 40

41 Young and Middle-Aged Families Increased Exposure to Housing the Most Housing exposure remains higher now than before the boom period. 41

42 Young Families Increased Debt Loads More Than Middle-Aged or Older Families Debt ratios remain higher now than before the boom period. 42

43 Americans Born Around 1940 Won the 20th-Century Birth Lottery; 1970 Lost 43 Source: Emmons and Noeth, Age, Birth Year and Wealth, 2015.

44 In Sum: Demographics, Wealth and Opportunity Balance-sheet choices maintaining adequate liquidity, broad diversification and manageable debt are important for financial stability, wealth accumulation and economic mobility. Demographic factors age, birth year, education/socio-economic class and race or ethnicity are powerful predictors of financial behavior and wealth. A multi-pronged strategy is needed to help younger, less-educated and non-white families build financial resilience and wealth. 44

The Demographics of Wealth

The Demographics of Wealth Demographics and the Future of American Families The Demographics of Wealth May 13, 2015 William R. Emmons Bryan J. Noeth Center for Household Financial Stability Federal Reserve Bank of St. Louis William.R.Emmons@stls.frb.org

More information

Economic Vulnerability and Financial Fragility

Economic Vulnerability and Financial Fragility USRT Conference: Underserved Roundtable Economic Vulnerability and Financial Fragility March 18, 2014 William R. Emmons Center for Household Financial Stability Federal Reserve Bank of St. Louis William.R.Emmons@stls.frb.org

More information

Building Wealth for Families and Employees

Building Wealth for Families and Employees Building Wealth for Families and Employees Grow Our Own Summit Marshall, MN November 8, 2018 Ray Boshara* Senior Advisor; Director, Center for Household Financial Stability Federal Reserve Bank of St.

More information

Contingent and Alternative Employment Arrangements, May U.S. BUREAU OF LABOR STATISTICS bls.gov

Contingent and Alternative Employment Arrangements, May U.S. BUREAU OF LABOR STATISTICS bls.gov Contingent and Alternative Employment Arrangements, May 2017 1 U.S. BUREAU OF LABOR STATISTICS bls.gov Gig economy No official BLS definition of gig economy or gig workers Researchers use many different

More information

The Economic and Financial Status of Older Americans: Trends and Prospects

The Economic and Financial Status of Older Americans: Trends and Prospects The Economic and Financial Status of Older Americans: Trends and Prospects William R. Emmons* and Bryan J. Noeth* Center for Household Financial Stability Federal Reserve Bank of St. Louis April 18, 2014

More information

Young Adults Balance Sheets and the Economy

Young Adults Balance Sheets and the Economy Session 1: Micro and Macro Perspectives on Young Families Balance Sheets Young Adults Balance Sheets and the Economy May 8, 2014 William R. Emmons and Bryan J. Noeth Center for Household Financial Stability

More information

Why Financial Inclusion Matters: The Household Balance Sheet Perspective

Why Financial Inclusion Matters: The Household Balance Sheet Perspective Why Financial Inclusion Matters: The Household Balance Sheet Perspective Promising Pathways to Wealth-Building Financial Services October 25-26, 2012 Ray Boshara, Senior Advisor Federal Reserve Bank of

More information

During recession, education debt increased while other credit markets dropped

During recession, education debt increased while other credit markets dropped Montana How Montana Will Be Affected if Stafford Loan Interest Rates Double May 2012 More than 7 million students and their families rely on federally subsidized Stafford loans to help pay for college.

More information

During recession, education debt increased while other credit markets dropped

During recession, education debt increased while other credit markets dropped Nevada How Nevada Will Be Affected if Stafford Loan Interest Rates Double May 2012 More than 7 million students and their families rely on federally subsidized Stafford loans to help pay for college. 1

More information

During recession, education debt increased while other credit markets dropped

During recession, education debt increased while other credit markets dropped Minnesota How Minnesota Will Be Affected if Stafford Loan Interest Rates Double May 2012 More than 7 million students and their families rely on federally subsidized Stafford loans to help pay for college.

More information

Trend Analysis of Changes to Population and Income in Philadelphia, using American Community Survey (ACS) Data

Trend Analysis of Changes to Population and Income in Philadelphia, using American Community Survey (ACS) Data OFFICE OF THE PRESIDENT FINANCE AND BUDGET TEAM City Council of Philadelphia 9.22.17 Trend Analysis of Changes to Population and Income in Philadelphia, using 2010-2016 American Community Survey (ACS)

More information

Inequality and Poverty in the United States. Ray Boshara* Lowell Ricketts*

Inequality and Poverty in the United States. Ray Boshara* Lowell Ricketts* Inequality and Poverty in the United States FOCUS: Leadership St. Louis January 6, 2017 Ray Boshara* Senior Advisor; Director, Center for Household Financial Stability Lowell Ricketts* Senior Analyst,

More information

Shingle Creek. Minneapolis neighborhood profile. About this area. Trends in the area. Neighborhood in Minneapolis. October 2011

Shingle Creek. Minneapolis neighborhood profile. About this area. Trends in the area. Neighborhood in Minneapolis. October 2011 neighborhood profile October 2011 About this area The neighborhood is bordered by 53rd Avenue North, Humboldt Avenue North, 49th Avenue North, and Xerxes Avenue North. It is home to Olson Middle School.

More information

Wealth Inequality and the American Dream

Wealth Inequality and the American Dream Wealth Inequality and the American Dream Economic Realities of the American Dream Professors Steve Fazzari and Mark Rank April 16, 2018 Ray Boshara Director, Center for Household Financial Stability Federal

More information

Minnesota Energy Industry

Minnesota Energy Industry Energy Industry Jobs Q3 2000 Q3 2001 Q3 2002 Q3 2003 Q3 2004 Q3 2005 Q3 2006 Q3 2007 Q3 2008 Q3 2009 Q3 2010 Q3 2011 Q3 Q3 Q3 Q3 Q3 2016 Minnesota Energy Consortium April 13, 2017 Cameron Macht DEED Labor

More information

The distribution of wealth in the United States and implications for a net worth tax

The distribution of wealth in the United States and implications for a net worth tax The distribution of wealth in the United States and implications for a net worth tax March 2019 By Greg Leiserson, Will McGrew, and Raksha Kopparam Wealth inequality in the United States is high and has

More information

CSBG Scholarship/Trade Training. Please PRINT clearly

CSBG Scholarship/Trade Training. Please PRINT clearly CSBG Scholarship/Trade Training Please PRINT clearly Today s Date: / / Your Name: Your Date of Birth / / Your Social Security Number - - Have you lived in McHenry County for all of the past 90 days? Yes

More information

University of Minnesota

University of Minnesota neighborhood profile October 2011 About this area The University neighborhood is bordered by 11th Avenue Southeast, University Avenue, 15th Avenue Southeast, the railroad tracks, Oak Street, and the Mississippi

More information

Mid - City Industrial

Mid - City Industrial Minneapolis neighborhood profile October 2011 Mid - City Industrial About this area The Mid-City Industrial neighborhood is bordered by I- 35W, Highway 280, East Hennepin Avenue, and Winter Street Northeast.

More information

Is Homeownership Still the American Dream?

Is Homeownership Still the American Dream? Is Homeownership Still the American Dream? The views expressed here are those of the speakers and do not necessarily represent the views of the Federal Reserve Bank of St. Louis or of the Federal Reserve

More information

Past Trends and Future Expectations for Employment In Minnesota Steve Hine, Research Director Labor Market Information Office September 16, 2016

Past Trends and Future Expectations for Employment In Minnesota Steve Hine, Research Director Labor Market Information Office September 16, 2016 Minnesota Department of Employment and Economic Development Past Trends and Future Expectations for Employment In Minnesota Steve Hine, Research Director Labor Market Information Office September 16, 2016

More information

Public Says a Secure Job Is the Ticket to the Middle Class

Public Says a Secure Job Is the Ticket to the Middle Class 1 Public Says a Secure Job Is the Ticket to the Middle Class By Wendy Wang Americans believe that having a secure job is by far the most important requirement for being in the middle class, easily trumping

More information

Camden Industrial. Minneapolis neighborhood profile. About this area. Trends in the area. Neighborhood in Minneapolis.

Camden Industrial. Minneapolis neighborhood profile. About this area. Trends in the area. Neighborhood in Minneapolis. Minneapolis neighborhood profile October 2011 Camden Industrial About this area The Camden Industrial neighborhood is bordered by 48th Avenue North, the Mississippi River, Dowling Avenue North, Washington

More information

Economic Vulnerability and Financial Fragility

Economic Vulnerability and Financial Fragility Economic Vulnerability and Financial Fragility William R. Emmons and Bryan J. Noeth Unfortunately, many families with the greatest exposure to the economic dislocations of the recent recession also had

More information

Why Did So Many Economically Vulnerable Families Enter the Crisis with Risky Balance Sheets?

Why Did So Many Economically Vulnerable Families Enter the Crisis with Risky Balance Sheets? Why Did So Many Economically Vulnerable Families Enter the Crisis with Risky Balance Sheets? William R. Emmons* Bryan J. Noeth* February 6, 2013 Abstract: Tragically, many families that were most exposed

More information

Independence, MO Data Profile 2015

Independence, MO Data Profile 2015 , MO Data Profile 2015 5 year American Community Survey (ACS) Jackson County, Missouri Data sources: U.S. Census Bureau, American Community Survey (ACS), 2011 2015 (released December 8, 2016), compared

More information

Women in the Labor Force: A Databook

Women in the Labor Force: A Databook Cornell University ILR School DigitalCommons@ILR Federal Publications Key Workplace Documents 2-2013 Women in the Labor Force: A Databook Bureau of Labor Statistics Follow this and additional works at:

More information

Commission District 4 Census Data Aggregation

Commission District 4 Census Data Aggregation Commission District 4 Census Data Aggregation 2011-2015 American Community Survey Data, U.S. Census Bureau Table 1 (page 2) Table 2 (page 2) Table 3 (page 3) Table 4 (page 4) Table 5 (page 4) Table 6 (page

More information

During recession, education debt increased while other credit markets dropped

During recession, education debt increased while other credit markets dropped Rhode Island How Rhode Island Will Be Affected if Stafford Loan Interest Rates Double May 2012 More than 7 million students and their families rely on federally subsidized Stafford loans to help pay for

More information

Northwest Census Data Aggregation

Northwest Census Data Aggregation Northwest Census Data Aggregation 2011-2015 American Community Survey Data, U.S. Census Bureau Table 1 (page 2) Table 2 (page 2) Table 3 (page 3) Table 4 (page 4) Table 5 (page 4) Table 6 (page 5) Table

More information

Aging Seminar Series:

Aging Seminar Series: Aging Seminar Series: Income and Wealth of Older Americans Domestic Social Policy Division Congressional Research Service November 19, 2008 Introduction Aging Seminar Series Focus on important issues regarding

More information

Riverview Census Data Aggregation

Riverview Census Data Aggregation Riverview Census Data Aggregation 2011-2015 American Community Survey Data, U.S. Census Bureau Table 1 (page 2) Table 2 (page 2) Table 3 (page 3) Table 4 (page 4) Table 5 (page 4) Table 6 (page 5) Table

More information

Redistribution under OASDI: How Much and to Whom?

Redistribution under OASDI: How Much and to Whom? 9 Redistribution under OASDI: How Much and to Whom? Lee Cohen, Eugene Steuerle, and Adam Carasso T his chapter presents the results from a study of redistribution in the Social Security program under current

More information

Zipe Code Census Data Aggregation

Zipe Code Census Data Aggregation Zipe Code 66101 Census Data Aggregation 2011-2015 American Community Survey Data, U.S. Census Bureau Table 1 (page 2) Table 2 (page 2) Table 3 (page 3) Table 4 (page 4) Table 5 (page 4) Table 6 (page 5)

More information

Zipe Code Census Data Aggregation

Zipe Code Census Data Aggregation Zipe Code 66103 Census Data Aggregation 2011-2015 American Community Survey Data, U.S. Census Bureau Table 1 (page 2) Table 2 (page 2) Table 3 (page 3) Table 4 (page 4) Table 5 (page 4) Table 6 (page 5)

More information

Town Profiles: Demographic, Economic, and Housing Statistics for De Smet City and Wall Town, SOuth Dakota

Town Profiles: Demographic, Economic, and Housing Statistics for De Smet City and Wall Town, SOuth Dakota South Dakota State University Open PRAIRIE: Open Public Research Access Institutional Repository and Information Exchange Census Data Center News Releases SDSU Census Data Center 12-7-2017 Town Profiles:

More information

Metro Houston Population Forecast

Metro Houston Population Forecast Metro Houston Population Forecast Projections to 2050 Prepared by the Greater Houston Partnership Research Department Data from Texas Demographic Center www.houston.org April 2017 Greater Houston Partnership

More information

Women in the Labor Force: A Databook

Women in the Labor Force: A Databook Cornell University ILR School DigitalCommons@ILR Federal Publications Key Workplace Documents 12-2011 Women in the Labor Force: A Databook Bureau of Labor Statistics Follow this and additional works at:

More information

Women in the Labor Force: A Databook

Women in the Labor Force: A Databook Cornell University ILR School DigitalCommons@ILR Federal Publications Key Workplace Documents 12-2010 Women in the Labor Force: A Databook Bureau of Labor Statistics Follow this and additional works at:

More information

FUTURE LANDSCAPES. The effects of changing demographics. Background. Future landscapes: The effects of changing demographics February, 2007

FUTURE LANDSCAPES. The effects of changing demographics. Background. Future landscapes: The effects of changing demographics February, 2007 FUTURE LANDSCAPES The effects of changing demographics Background DRCOG Board Retreat 1 Our region is changing Demographic facts: Rapid growth of the older population Increasing immigration Flexible, creative

More information

A Balance Sheet Perspective on Financial Success: Why Starting Early Matters

A Balance Sheet Perspective on Financial Success: Why Starting Early Matters A Balance Sheet Perspective on Financial Success: Why Starting Early Matters FLEC Financial Literacy Research Symposium Starting Early for Financial Success: Capability into Action September 16, 2014 Ray

More information

Appendix Table 1: Rate of Uninsurance by Select Demographics (2015 to 2017)

Appendix Table 1: Rate of Uninsurance by Select Demographics (2015 to 2017) Appendix Table 1: Rate of Uninsurance by Select Demographics (2015 to 2017) Appendix Table 1: Rate of Uninsurance by Uninsurance Rate Select Demographics (2015 to 2017) 2015 2017 Statewide 4.3% 6.3% *

More information

2. Demographics. Population and Households

2. Demographics. Population and Households 2. Demographics This analysis describes the existing demographics in. It will be used to identify the major demographic trends that may have an effect on public policy in in the next decade. Demographic

More information

Women in the Labor Force: A Databook

Women in the Labor Force: A Databook Cornell University ILR School DigitalCommons@ILR Federal Publications Key Workplace Documents 9-2007 Women in the Labor Force: A Databook Bureau of Labor Statistics Follow this and additional works at:

More information

THE BROWARD BENCHMARKS

THE BROWARD BENCHMARKS Our Economy 61 Our Economy THE BROWARD BENCHMARKS 2002 Steady employment, competitive wages and a good standard of living are important to people in Broward County, as changing economic conditions affect

More information

Jamie Wagner Ph.D. Student University of Nebraska Lincoln

Jamie Wagner Ph.D. Student University of Nebraska Lincoln An Empirical Analysis Linking a Person s Financial Risk Tolerance and Financial Literacy to Financial Behaviors Jamie Wagner Ph.D. Student University of Nebraska Lincoln Abstract Financial risk aversion

More information

LOOKING FORWARD: WHY THE ROAD TO PROSPERITY STARTS WITH EQUITY

LOOKING FORWARD: WHY THE ROAD TO PROSPERITY STARTS WITH EQUITY LOOKING FORWARD: WHY THE ROAD TO PROSPERITY STARTS WITH EQUITY 01.15.2016 MANUEL PASTOR @Prof_MPastor Decadal Population Growth Rates by Race/Ethnicity United States, 1980-2010 1980-1990 1990-2000 2000-2010

More information

Patterns of Unemployment

Patterns of Unemployment Patterns of Unemployment By: OpenStaxCollege Let s look at how unemployment rates have changed over time and how various groups of people are affected by unemployment differently. The Historical U.S. Unemployment

More information

Methodology behind the Federal Reserve Bank of Atlanta s Labor Force Participation Dynamics

Methodology behind the Federal Reserve Bank of Atlanta s Labor Force Participation Dynamics February 14, 219 Methodology behind the Federal Reserve Bank of Atlanta s Labor Force Participation Dynamics https://www.frbatlanta.org/chcs/labor-force-participation-dynamics By Ellyn Terry The methodology

More information

During recession, education debt increased while other credit markets dropped

During recession, education debt increased while other credit markets dropped Texas How Texas Will Be Affected if Stafford Loan Interest Rates Double May 2012 More than 7 million students and their families rely on federally subsidized Stafford loans to help pay for college. 1 The

More information

Demographic and Other Statistics for Women and Men Aged 50 and Older,

Demographic and Other Statistics for Women and Men Aged 50 and Older, Demographic and Other Statistics for Women and Men Aged 50 and Older, 1999-2001 Population in 2001 Proportion of Population Over Age 50 30.0 % 28.6 % 28.6 % 25.2 % Age Distribution: 50-61 41.9 49.6 45.5

More information

THE HOME BUYERS OF TOMORROW. September 8, 2016 Azad Amir-Ghassemi Research Analyst

THE HOME BUYERS OF TOMORROW. September 8, 2016 Azad Amir-Ghassemi Research Analyst THE HOME BUYERS OF TOMORROW September 8, 2016 Azad Amir-Ghassemi Research Analyst METHODOLOGY Online Only Survey conducted from January 2016- February 2016 1871 respondents: 633 Emerging Millennials (18-25);

More information

Wealth Inequality Reading Summary by Danqing Yin, Oct 8, 2018

Wealth Inequality Reading Summary by Danqing Yin, Oct 8, 2018 Summary of Keister & Moller 2000 This review summarized wealth inequality in the form of net worth. Authors examined empirical evidence of wealth accumulation and distribution, presented estimates of trends

More information

Metropolitan Washington Area Key Economic & Demographic Indicators

Metropolitan Washington Area Key Economic & Demographic Indicators Metropolitan Washington Area Key Economic & Demographic Indicators Arlington County Community Facilities Study March 11, 2015 Lisa A. Sturtevant, PhD Vice President of Research National Housing Conference

More information

Regional Economic Benchmarking Report For Aiken County 2016 Update

Regional Economic Benchmarking Report For Aiken County 2016 Update Regional Economic Benchmarking Report For Aiken County 2016 Update Commissioned by the Greater Aiken Chamber of Commerce and the Economic Development Partnership of Aiken, Edgefield and Saluda Counties,

More information

Texas: Demographically Different

Texas: Demographically Different FEDERAL RESERVE BANK OF DALLAS ISSUE 3 99 : Demographically Different A s the st century nears, demographic changes are reshaping the U.S. economy. The largest impact is coming from the maturing of baby

More information

Cross-Sectional Wealth and Financial Wealth

Cross-Sectional Wealth and Financial Wealth Technical Series Paper #00-02 Cross-Sectional Wealth and Financial Wealth Frank Stafford and Joe Lupton Survey Research Center - Institute for Social Research University of Michigan February 2000 This

More information

During recession, education debt increased while other credit markets dropped

During recession, education debt increased while other credit markets dropped Texas How Texas Will Be Affected if Stafford Loan Interest Rates Double May 2012 More than 7 million students and their families rely on federally subsidized Stafford loans to help pay for college. 1 The

More information

The internet should remain as free from government regulation and taxation as possible. Please indicate how much you agree or disagree.

The internet should remain as free from government regulation and taxation as possible. Please indicate how much you agree or disagree. Do you favor or oppose a sales tax in your state on items purchased online even if the store or individual you buy from is not located in your state? Favor 24% 24% 22% 25% 20% 22% 32% 26% Oppose 65% 66%

More information

Older African Americans and Asset Holding

Older African Americans and Asset Holding Older African Americans and Asset Holding Trina R. Williams Shanks University of Michigan Wilhelmina A. Leigh Joint Center for Political and Economic Studies Presentation at Conference Financial Capability

More information

A Lost Generation? Young Families after the Great Recession

A Lost Generation? Young Families after the Great Recession A Lost Generation? Young Families after the Great Recession Lowell R. Ricketts, William R. Emmons, Ana H. Kent Center for Household Financial Stability Federal Reserve Bank of St. Louis April 18, 2018

More information

During recession, education debt increased while other credit markets dropped

During recession, education debt increased while other credit markets dropped Tennessee How Tennessee Will Be Affected if Stafford Loan Interest Rates Double May 2012 More than 7 million students and their families rely on federally subsidized Stafford loans to help pay for college.

More information

MEMORANDUM. Gloria Macdonald, Jennifer Benedict Nevada Division of Health Care Financing and Policy (DHCFP)

MEMORANDUM. Gloria Macdonald, Jennifer Benedict Nevada Division of Health Care Financing and Policy (DHCFP) MEMORANDUM To: From: Re: Gloria Macdonald, Jennifer Benedict Nevada Division of Health Care Financing and Policy (DHCFP) Bob Carey, Public Consulting Group (PCG) An Overview of the in the State of Nevada

More information

Reemployment after Job Loss

Reemployment after Job Loss 4 Reemployment after Job Loss One important observation in chapter 3 was the lower reemployment likelihood for high import-competing displaced workers relative to other displaced manufacturing workers.

More information

Why Do Boomers Plan to Work So Long? Gordon B.T. Mermin, Richard W. Johnson, and Dan Murphy

Why Do Boomers Plan to Work So Long? Gordon B.T. Mermin, Richard W. Johnson, and Dan Murphy Why Do Boomers Plan to Work So Long? Gordon B.T. Mermin, Richard W. Johnson, and Dan Murphy December 2006 The Retirement Project Discussion Paper 06-04 Why Do Boomers Plan to Work So Long? Gordon B.T.

More information

A PHILANTHROPIC PARTNERSHIP FOR BLACK COMMUNITIES. Wealth and Asset Building BLACK FACTS

A PHILANTHROPIC PARTNERSHIP FOR BLACK COMMUNITIES. Wealth and Asset Building BLACK FACTS A PHILANTHROPIC PARTNERSHIP FOR BLACK COMMUNITIES Wealth and Asset Building BLACK FACTS Barriers to Wealth and Asset Creation: Homeownershiip DURING THE HOUSING CRISIS, BLACK HOMEOWNERS WERE TWICE AS LIKELY

More information

Cumberland Comprehensive Plan - Demographics Element Town Council adopted August 2003, State adopted June 2004 II. DEMOGRAPHIC ANALYSIS

Cumberland Comprehensive Plan - Demographics Element Town Council adopted August 2003, State adopted June 2004 II. DEMOGRAPHIC ANALYSIS II. DEMOGRAPHIC ANALYSIS A. INTRODUCTION This demographic analysis establishes past trends and projects future population characteristics for the Town of Cumberland. It then explores the relationship of

More information

Population & Demographic Analysis

Population & Demographic Analysis Population & Demographic Analysis The United States Census Bureau conducts a nationwide census every ten years. This census compiles information relating to the socio-economic characteristics of the entire

More information

Demographic Trends and the Older Workforce

Demographic Trends and the Older Workforce Demographic Trends and the Older Workforce November 10, 2004 Linda Barrington, Ph.D. The Conference Board www.conference-board.org THE CONFERENCE BOARD Finding solutions together Councils Conferences Symposium

More information

Mapping Student Debt

Mapping Student Debt Mapping Student Debt Marshall I. Steinbaum June 24, 2016 Marshall I. Steinbaum National Association of Latino Elected Officials June 24, 2016 1 / 19 Project Overview Credit reporting student debt variables

More information

Roundtable on Income Equality, Social Inclusion and Mobility OECD Paris

Roundtable on Income Equality, Social Inclusion and Mobility OECD Paris National Issues in the USA in Economic Development, Mobility and Income Inequality Roundtable on Income Equality, Social Inclusion and Mobility OECD Paris April 4,5 2016 Intent of this Paper This paper

More information

Deconstructing Household Wealth Trends in the United States, 1983 to 2016 First WID World Conference, Paris, France. Edward N. Wolff December 5,2017

Deconstructing Household Wealth Trends in the United States, 1983 to 2016 First WID World Conference, Paris, France. Edward N. Wolff December 5,2017 Deconstructing Household Wealth Trends in the United States, 1983 to 2016 First WID World Conference, Paris, France Edward N. Wolff December 5,2017 Asset Price Changes, 2001-2016 (constant dollars) % Change

More information

What America Is Thinking On Energy Issues February 2016

What America Is Thinking On Energy Issues February 2016 What America Is Thinking On Energy Issues February 2016 South Carolina Presented by: Harris Poll Interviewing: January 22-31, 2016 Respondents: 600 Registered Voters Method: Telephone Weighting: Results

More information

What America Is Thinking About Energy Issues February 2016 Presented by: Harris Poll

What America Is Thinking About Energy Issues February 2016 Presented by: Harris Poll What America Is Thinking About Energy Issues February 2016 Virginia Presented by: Harris Poll Interviewing: January 22 February 1, 2016 Respondents: 630 Registered Voters Method: Telephone Weighting: Results

More information

LAKE FOREST NEIGHBORHOOD PROFILE

LAKE FOREST NEIGHBORHOOD PROFILE LAKE FOREST NEIGHBORHOOD PROFILE July 2017 Prepared in Partnership Between the Kentucky State Data Center at the University of Louisville and Metro United Way This data profile uses 2010 census tract boundaries

More information

In 2012, according to the U.S. Census Bureau, about. A Profile of the Working Poor, Highlights CONTENTS U.S. BUREAU OF LABOR STATISTICS

In 2012, according to the U.S. Census Bureau, about. A Profile of the Working Poor, Highlights CONTENTS U.S. BUREAU OF LABOR STATISTICS U.S. BUREAU OF LABOR STATISTICS M A R C H 2 0 1 4 R E P O R T 1 0 4 7 A Profile of the Working Poor, 2012 Highlights Following are additional highlights from the 2012 data: Full-time workers were considerably

More information

New Jersey economic issues poll April 5-14, 2018 Stockton Polling Institute Weighted frequencies

New Jersey economic issues poll April 5-14, 2018 Stockton Polling Institute Weighted frequencies New Jersey economic issues poll April 5-14, 2018 Stockton Polling Institute Weighted frequencies Q1. How would you rate the U.S. economy: Frequency Valid Valid Excellent 47 6.6 6.6 6.6 Good 302 42.1 42.1

More information

The Racial Wealth Gap: Latinos

The Racial Wealth Gap: Latinos FACT SHEET April 2014 The Racial Wealth Gap: Latinos Facts At A Glance The median wealth of White households is 18 times that of Latino households. The growing racial wealth gap occurring in the U.S. is

More information

REPORT. Hispanics and the Social Security Debate. Richard Fry. Rakesh Kochhar. Jeffrey Passel. Roberto Suro. March 16, 2005

REPORT. Hispanics and the Social Security Debate. Richard Fry. Rakesh Kochhar. Jeffrey Passel. Roberto Suro. March 16, 2005 REPORT March 16, 2005 Hispanics and the Social Security Debate By Richard Fry Rakesh Kochhar Jeffrey Passel Roberto Suro Pew Hispanic Center A Pew Research Center Project www.pewhispanic.org 1615 L Street,

More information

PROPOSED SHOPPING CENTER

PROPOSED SHOPPING CENTER PROPOSED SHOPPING CENTER Southeast Corner I-95 & Highway 192 Melbourne, Florida In a 5 Mile Radius 80,862 Population 32,408 Households $61K Avg HH Income SOONER INVESTMENT Commercial & Investment Real

More information

Segmentation Survey. Results of Quantitative Research

Segmentation Survey. Results of Quantitative Research Segmentation Survey Results of Quantitative Research August 2016 1 Methodology KRC Research conducted a 20-minute online survey of 1,000 adults age 25 and over who are not unemployed or retired. The survey

More information

Rifle city Demographic and Economic Profile

Rifle city Demographic and Economic Profile Rifle city Demographic and Economic Profile Community Quick Facts Population (2014) 9,289 Population Change 2010 to 2014 156 Place Median HH Income (ACS 10-14) $52,539 State Median HH Income (ACS 10-14)

More information

The Economy Today: What our measures tell us about the current labor market. Keith Hall Commissioner Bureau of Labor Statistics November 2010

The Economy Today: What our measures tell us about the current labor market. Keith Hall Commissioner Bureau of Labor Statistics November 2010 The Economy Today: What our measures tell us about the current labor market Keith Hall Commissioner Bureau of Labor Statistics November 2010 2 B-19. Employment in government Over-the-month change, 2008-10

More information

ST. JOHN THE BAPTIST PARISH ISAAC CDBG HOMEBUYER ASSISTANCE PROGRAM

ST. JOHN THE BAPTIST PARISH ISAAC CDBG HOMEBUYER ASSISTANCE PROGRAM ST. JOHN THE BAPTIST PARISH ISAAC CDBG HOMEBUYER ASSISTANCE PROGRAM INTAKE APPLICATION INSTRUCTIONS FOR APPLICATION General Instructions Read the instructions for this application. Please type or use BLUE

More information

Retirement in Ray Boshara Director, Center for Household Financial Stability Federal Reserve Bank of St. Louis*

Retirement in Ray Boshara Director, Center for Household Financial Stability Federal Reserve Bank of St. Louis* Retirement in 2070 Ray Boshara Director, Center for Household Financial Stability Federal Reserve Bank of St. Louis* University of North Carolina Chapel Hill November 13, 2017 *These are my own views,

More information

Commercial Land for Sale. Messina Highlands Acres / W. Market St. & Richland Ave West Market Street; York, PA SITE

Commercial Land for Sale. Messina Highlands Acres / W. Market St. & Richland Ave West Market Street; York, PA SITE 3 2018 Messina Highlands 2.21 Acres / W. Market St. & Richland Ave. ; SITE York Fuel Stop / Tobacco Outlet T & D Car Wash 2.21 Acres Commercial Land Available for Sale 12,000 CPD on West Market Street

More information

Minnesota's Uninsured in 2017: Rates and Characteristics

Minnesota's Uninsured in 2017: Rates and Characteristics HEALTH ECONOMICS PROGRAM Minnesota's Uninsured in 2017: Rates and Characteristics FEBRUARY 2018 As noted in the companion issue brief to this analysis, Minnesota s uninsurance rate climbed significantly

More information

Fall 2010 Fall 2011 Fall 2012 Fall 2013 Fall 2014 Fall 2015

Fall 2010 Fall 2011 Fall 2012 Fall 2013 Fall 2014 Fall 2015 Employee Headcount by Employee Classification Group, s - 2010 through 2015 800 700 Number of Employees 600 500 400 300 200 100 0 Fall 2010 Fall 2011 Fall 2012 Fall 2013 Fall 2014 Fall 2015 Number of Employees

More information

EMPLOYEE TENURE IN 2014

EMPLOYEE TENURE IN 2014 For release 10:00 a.m. (EDT) Thursday, September 18, 2014 USDL-14-1714 Technical information: (202) 691-6378 cpsinfo@bls.gov www.bls.gov/cps Media contact: (202) 691-5902 PressOffice@bls.gov EMPLOYEE TENURE

More information

What does your Community look like and how is it changing?

What does your Community look like and how is it changing? What does your Community look like and how is it changing? Trends in the State population related to health and health determinants and where you can find this data to support your local work Who is Likely

More information

National Civic Engagement Survey Spring 2015 Descriptive Statistics

National Civic Engagement Survey Spring 2015 Descriptive Statistics National Civic Engagement Survey Spring 2015 Descriptive Statistics In spring 2015, nine community colleges from across the state were provided a small stipend to participate in the Civic Engagement Survey

More information

Simulation of Young Adult Homeownership Change through 2035: Effects of Growing Diversity and Rising Educational Attainment

Simulation of Young Adult Homeownership Change through 2035: Effects of Growing Diversity and Rising Educational Attainment Simulation of Young Adult Homeownership Change through 2035: Effects of Growing Diversity and Rising Educational Attainment Working Paper June 20, 2017 Dowell Myers Professor of Policy, Planning, and Demography

More information

Assets and Inequalities New Understandings, New Tools

Assets and Inequalities New Understandings, New Tools Assets and Inequalities New Understandings, New Tools Thomas M. Shapiro Pokross Professor of Law and Social Policy Challenging the Two Americas New Policies to Fight Poverty UNC Center on Poverty, Work,

More information

Part 1. Demographics, Socioeconomics, Community Safety

Part 1. Demographics, Socioeconomics, Community Safety The Health of 2014 Community Health Assessment Prepared by: Siri Kushner MPH, CPH Presented: February 21, 2014 Part 1. Demographics, Socioeconomics, Community Safety Section A: Population 1. Total Population

More information

From Crisis to Transition Demographic trends and American housing futures, with lessons from Texas

From Crisis to Transition Demographic trends and American housing futures, with lessons from Texas From Crisis to Transition Demographic trends and American housing futures, with lessons from Texas Rolf Pendall, Ph.D. The Urban Institute Presentation to the Bipartisan Housing Commission, San Antonio,

More information

AMERICA AT HOME SURVEY American Attitudes on Homeownership, the Home-Buying Process, and the Impact of Student Loan Debt

AMERICA AT HOME SURVEY American Attitudes on Homeownership, the Home-Buying Process, and the Impact of Student Loan Debt AMERICA AT HOME SURVEY 2017 American Attitudes on Homeownership, the Home-Buying Process, and the Impact of Student Loan Debt 1 Objective and Methodology Objective The purpose of the survey was to understand

More information

Income and Assets of Medicare Beneficiaries,

Income and Assets of Medicare Beneficiaries, Income and Assets of Medicare Beneficiaries, 2014 2030 Gretchen Jacobson, Christina Swoope, and Tricia Neuman, Kaiser Family Foundation Karen Smith, Urban Institute Many Medicare, including seniors and

More information

Demographic Drivers. Joint Center for Housing Studies of Harvard University 11

Demographic Drivers. Joint Center for Housing Studies of Harvard University 11 3 Demographic Drivers Household formations were already on the decline when the recession started to hit in December 27. Annual net additions fell from 1.37 million in the first half of the decade to only

More information

A Profile of the Working Poor, 2011

A Profile of the Working Poor, 2011 Cornell University ILR School DigitalCommons@ILR Federal Publications Key Workplace Documents 4-2013 A Profile of the Working Poor, 2011 Bureau of Labor Statistics Follow this and additional works at:

More information

City of Modesto Homeowner Rehabilitation Program

City of Modesto Homeowner Rehabilitation Program City of Modesto Homeowner Rehabilitation Program Overview The City of Modesto s (City) Homeowner Rehabilitation Program is designed to repair or eliminate health and safety hazards in residential properties,

More information