Please be advised: This event will premiere LIVE on this page on this page at 1:00 p.m. EST, Friday, January 8.
Please join Hudson Institute for a conversation with Hudson Senior Fellow Dr. John Weicher, moderated by Edward Seiler, discussing Dr. Weicher’s report, “The Distribution of Wealth Since the Great Recession.”
Two things happened to the wealth of American households during the Great Recession that started in 2007. The distribution became more unequal; and the wealth of the typical family dropped sharply and, at least through 2016, did not recover. In a new report, Dr. Weicher describes how the Great Recession affected the wealth of rich and poor families, as well as the often-overlooked large group of families in between. These groups have had different objectives as they have saved and invested, and as a result hold quite different asset portfolios and have quite different debts. They have also been affected differently by the economic improvement since 2016, and by the coronavirus pandemic over the last year.
Edward Seiler is an economist with over 20 years of experience in financial services. He currently serves as Executive Director of The Research Institute for Housing America and Associate Vice President for Housing Economics at the Mortgage Bankers Association. He earned his PhD in economics from The University of Chicago, where he was a Fulbright Scholar.