Asset Values Surged During The K-Shaped Recovery, Driving Wealth Gains Higher
from the St Louis Fed
– this post authored by Lowell R. Ricketts, Data Scientist, Institute for Economic Equity
The Great Recession, which occurred from December 2007 to June 2009, was marked by widespread wealth destruction, especially corporate equities and home equity – the latter marked by pronounced inequities by race and ethnicity. In stark contrast, average wealth outcomes among white, Black and Hispanic households hit record highs during the recovery from the COVID-19 recession, which occurred from February to April 2020.
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