Using over two decades of Survey of Consumer Finances data and a pseudo-panel technique, we measure the impact of the Great Recession on US family wealth relative to the counterfactual of what wealth would have been given wealth accumulation trajectories. Our synthetic cohort-level models find...

The United States is on the brink of a paradigmatic change, forced in part by extraordinary budget pressures. Its current budget increasingly de-emphasizes children, investment, and mobility, yet within inevitable budget reform lies a real possibility of a renewed focus on opportunity, of which...