Net Worth Impacts of the Great Recession
Richard Fry and Paul Taylor examined the impact of the Great Recession on household net worth and discovered a recovery period characterized by uneven impacts. Using the Census Bureau’s Survey of Income and Program Participation and net worth data from the Federal Reserve, the research suggests that the net worth for the wealthiest Americans has grown substantially, while the rest of the country experienced notable declines in the 2009-2011 period. Dr. Fry will address the impact of the recession on household wealth. The basis for this talk is a report he authored in April of this year: http://www.pewsocialtrends.org/2013/04/23/a-rise-in-wealth-for-the-wealthydeclines-for-the-lower-93/
Richard Fry is a senior economist at the Pew Research Center’s Hispanic Trends Project. He is an expert on school and college enrollment in the United States, as well as the returns to education in the labor market, marriage market, and its connection to household economic well-being such as net worth. Fry’s analyses are largely empirical, as he has extensive expertise analyzing U.S. Census Bureau and other federal data collections. Before joining the Pew Research Center in 2002, he was a senior economist at the Educational Testing Service (ETS). Fry received his doctorate in economics from The University of Michigan. Fry regularly documents U.S. educational and enrollment milestones, analyzes the role of student debt in financing college education, and examines the changing relationship between education and marriage and cohabitation. He has also contributed to the Pew Research Center’s analyses of the economic well-being of the nation’s young adults.
The lunch is 12:00 noon to 1:30pm at Chinatown Garden, 618 H St NW Washington, DC. Metro stop: Gallery Place. The cost is $16 for members and affiliates, and $25 for non-members. This luncheon is a joint event with the National Economists Club.
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