Asset building and the wealth gap

Building and maintaining financial security is increasingly difficult for a growing portion of American households. Wealth is less prevalent in middle-class households and increasing among the already well-to-do. At the same time, poverty is growing and concentrating disproportionately among the nonwhite population. As the cost of living outpaces income and wealth accumulation, a majority of U.S. households are ill-prepared for financial emergencies or retirement.

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Year of publication:	2006
Institutions:	Community Affairs Office
Published in:	Banking and Community Perspectives. - Federal Reserve Bank of Dallas. - 2006, 3
Publisher:	Federal Reserve Bank of Dallas
Subject:	Finance \| Personal \| Saving and investment \| Wealth \| Income \| Retirement income \| Assets (Accounting)

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005387163