Household debt in the United States expanded before the Great Recession, contracted afterward, and has been recovering since 2013.
We know that different people experience different inflation rates because the bundle of goods and services that they consume is different from that of the “typical” household.
By Hunter L. Clark, Andrew F. Haughwout, and James A. Orr Puerto Rico’s economic and fiscal challenges have been an important focus of work done here at the New York Fed, resulting in two reports (2012 and 2014), several blog posts and one paper in our Current Issues series in just the last few years. […]
The risk of becoming unemployed varies substantially across different groups within the labor market.
Fatih Karahan How much someone earns is an important determinant of many significant decisions over the course of a lifetime. Therefore, understanding how and why earnings are dispersed across individuals is central to understanding dispersion in a wide range of areas such as durable and non-durable consumption expenditures, debt, hours worked, and even health. Drawing […]