The Impact of the Housing Crash on Family Wealth

“The Impact of the Housing Crash on Family Wealth,” analyzes the wealth holdings of families in all age cohorts in 2004 and projected the wealth of these families in 2009. The findings are presented by income quintile under three scenarios- real house prices remain at current levels, real house prices fall by an additional 10 percent, or real house prices fall by an additional 20 percent. In all three scenarios, the vast majority of these families will have little or no housing wealth in 2009.

Full-text study is available by the Center for Economic and Policy Research.