When the Great Recession started at the end of 2007, the typical American family had a net worth of approximately $140,000. Three years later, the typical family’s net worth was approximately $85,000; three years after that, around $82,000—about the same as it was 30 years earlier. How did this happen and what are the consequences?
In a new report, Hudson Institute economist John C. Weicher has tracked the changes in the distribution of wealth in America over three decades, from the long economic expansion that began in 1983 to the current weak recovery from the Great Recession. His analysis focuses on families in the middle of the wealth distribution, in contrast to what happened to the rich and the poor. On January 31, Weicher joined Jeffrey H. Anderson and Diana Furchtgott-Roth to discuss the report's findings on the lasting impact of the Great Recession and the weak recovery on wealth and economic security in the United States.
Please join Hudson Senior Fellow and Director of the Keystone Defense Initiative Rebeccah Heinrichs for a conversation with Senators Risch and Wicker on US support for Ukraine’s defense on Wednesday, March 29, at 4:00 p.m. A reception will follow.
Please join Hudson Institute for a discussion with Israel's Minister of Innovation, Science and Technology Ofir Akunis and Executive Director of the Abraham Accords Peace Institute Robert Greenway, moderated by Center for Peace and Security in the Middle East Director Michael Doran.
Please join Hudson Institute to discuss what has gone wrong with US policy toward Venezuela and how the Biden administration and 118th Congress can reinvigorate efforts to support democracy so that all Venezuelans can have a brighter future.
