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The Fed documents the impact of the financial crisis of 2008-2009 on American families. Half the middle class is dislocated financially by the crisis and minorites fare badly. Median incomes drop 8% and housing asset values drop an average of 42%. Median net worth down 39% taking it back to where it was in 1992. American families work down their debt, reducing credit card balances.
Grouped Articles
Wall Street Journal 09.14.2011
OECD report cites rising income inequality - The Washington Post
Washington Post 12.06.2011
Americaâs Sinking Middle Class
New York Times 09.18.2013
Wall Street Journal 09.17.2010
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02.06.2014
Wall Street Journal 04.04.2009
Job Growth Fails to Help Paychecks of Workers
New York Times 01.09.2015
Hiring Booms, but Soft Wages Linger
Wall Street Journal 01.10.2015
Wall Street Journal 09.17.2015
Not There Yet on Equal Opportunity
Wall Street Journal 10.21.2015
Washington Post 10.23.2015
Washington Post 06.12.2012
Family Net Worth Drops to Level of Early â90s, Fed Says
New York Times 06.11.2012
Big Income Losses for Those Nearing Retirement
New York Times 08.23.2012
Wall Street Journal 08.25.2012
Incomes Fell or Stagnated in Most States Last Year
Wall Street Journal 09.20.2012
A Part-Time, Low-Wage Epidemic
Wall Street Journal 11.06.2012
Inequality: The rich and the rest
Economist 01.15.2011
Wall Street Journal 12.13.2012
Taxing Wall Street Down to Size
New York Times 01.20.2010
Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party
Wall Street Journal 01.02.2009
Obama, in State of the Union, makes case that middle class is job one - The Washington Post
Washington Post 02.13.2013
Apple should repay Ireland 13bn euros, European Commission rules - BBC News
BBC News 08.30.2016
Big government is the new West Coast craze
Washington Post 11.06.2016
U.S. middle-class incomes reached highest-ever level in 2016, Census Bureau says
Washington Post 09.13.2017
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