Abstract
The recession of 2007–2009, the so-called Great Recession, brought human and economic suffering to millions of American households. In a few short years, perilous housing markets and anemic labor markets washed away decades of accumulated wealth. Households of all types experienced significant losses in assets between 2007 and 2009. Because the assets on a household’s balance sheet are the sum of their economic past and the foundation upon which they build their future, the state of household balance sheets during and after the Great Recession is an important concern.
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© 2014 Reid Cramer and Trina R. Williams Shanks
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Key, C. (2014). The Finances of Typical Households After the Great Recession. In: Cramer, R., Shanks, T.R.W. (eds) The Assets Perspective. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137384881_3
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DOI: https://doi.org/10.1057/9781137384881_3
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-48196-5
Online ISBN: 978-1-137-38488-1
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