Navigating the Financial Labyrinth: Young Adults' Balance Sheets Post-Great Recession

FEDTalk AI by FEDTalk AI

S2014 E18
04:09
Episode notes
Episode Title: Navigating the Financial Labyrinth: Young Adults' Balance Sheets Post-Great RecessionEpisode Notes:
  1. Introduction:
    • Backdrop: The Great Recession and its impact on the American economy.
    • Focus of Discussion: Understanding the specific financial repercussions on young adults, with data from the Federal Reserve Bank of St. Louis REVIEW by economists Lisa J. Dettling and Joanne W. Hsu.
  2. Financial Overview Pre and Post Recession:
    • Diving into Data: An exploration of the Survey of Consumer Finances (SCF) data from 2001, 2004, 2007, 2010, and 2013.
    • Net Worth Woes: Addressing the 44% decline in the median net worth of young adults from 2007 to 2013. Delving i ... 
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