Wendy Dunn and Maria D. Tito1 Rising income inequality in the United States over the past several decades has been well documented in the economics literature.2 Recent studies have also looked at the dispersion in consumption, since it more accurately captures disparities in economic well-being. Here, however, the findings are […]
Federal Reserve: New Interactive Data Tools Added to Website for the Financial Accounts of the United States
The Federal Reserve Board on Thursday added three new tools to its web site to provide interactive access to data from the Board’s Financial Accounts of the United States (Z.1) release, which tracks the aggregate wealth of U.S. households and other economic sectors. The data visualization tools show, at a […]
Federal Reserve: Inequality in 3-D – Income, Consumption and Wealth
Finance and Economics Discussion Series (FEDS) Inequality in 3-D: Income, Consumption, and Wealth (PDF) by Jonathan Fisher, David Johnson, Timothy Smeeding, and Jeffrey Thompson Abstract: We do not need to and should not have to choose amongst income, consumption, or wealth as the superior measure of well-being. All three individually […]
Federal Reserve: Assessing the Severity of Rent Burden on Low-Income Families
Jeff Larrimore, Board of Governors of the Federal Reserve System,1 and Jenny Schuetz, Brookings Institution Housing costs are a severe financial burden to many low-income families. The typical renter in the bottom quintile of the income distribution spends more than half of monthly income on rent and has less than […]
HUD: $75 Million Awarded to Help Low-Income Residents Receive Job Training and Employment
HUD Marks 25 Years of Helping Families Become Self-Sufficiency WASHINGTON – Twenty-five years ago this year, the U.S. Department of Housing and Urban Development (HUD) launched a program to help households living in assisted housing to become self-sufficient. Today, HUD marked the 25th anniversary of the Family Self-Sufficiency Program (FSS) by […]
Federal Reserve: FEDS Notes | The Unequal Distribution of Economic Education
The Unequal Distribution of Economic Education: A Report on the Race, Ethnicity, and Gender of Economics Majors at US Colleges and Universities Amanda Bayer and David Wilcox Abstract: The distribution of economic education among US college graduates is quite unequal: female and underrepresented minority undergraduates, collectively, major in economics at […]
FDIC: Advisory Committee on Economic Inclusion to Meet on October 18th
The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Wednesday, October 18 to discuss economic inclusion for persons with disabilities, provide updates on efforts to expand access to Safe transaction accounts, present research related to neighborhood access to bank branches, and discuss the results […]
Census Bureau: Common Pay Patterns and Extra Earnings Brief Released
The U.S. Census Bureau released a new brief on “Common Pay Patterns and Extra Earnings: 2013,” highlighting earnings through different types of payments. These data come from the Survey of Income and Program Participation. This brief examines the different types of pay received during calendar year 2013, including wage and […]
Federal Reserve: Changes In U.S. Family Finances from 2013 to 2016 – Evidence from the Survey of Consumer Finances
The Federal Reserve Board’s Survey of Consumer Finances for 2016 provides insights into the evolution of family income and net worth since the previous time the survey was conducted, in 2013. The survey shows that, over the 2013-16 period, the median value of real (inflation-adjusted) family income before taxes rose […]
Federal Reserve: FEDS Notes | Recent Trends In Wealth-Holding By Race and Ethnicity From The Survey Of Consumer Finances
Lisa J. Dettling, Joanne W. Hsu, Lindsay Jacobs, Kevin B. Moore, and Jeffrey P. Thompson with assistance from Elizabeth Llanes Newly released data from the Survey of Consumer Finances (SCF) show that wealth rose for families in all race and ethnicity groups between 2013 and 2016. The long-standing and substantial […]