The Precarious State of Family Balance Sheets
Author: The PEW Charitable Trusts
Topic: Asset building and saving
Publisher: The PEW Charitable Trusts
Location: United States
Format: Report
Content Type: Research
Publication Date: January 31, 2015
This report seeks to develop a clear picture of the current state of household financial security. It begins by exploring three components of family balance sheets—income, expenditures, and wealth—and how they have changed over the past several decades, and concludes with an examination of how these pieces interrelate and why understanding family finances requires that they be examined holistically. Taken together, the data in this study reveal a striking level of financial fragility. Despite the national recovery, most families feel vulnerable and stressed, and could not withstand a serious financial emergency.
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