31
January 2017
Past Event
Economic Insecurity: American Wealth and the "Lost" Middle Class

Economic Insecurity: American Wealth and the "Lost" Middle Class

Past Event
Hudson Institute, Washington, D.C. Headquarters
January 31, 2017
Share:
31
January 2017
Past Event

1201 Pennsylvania Avenue, N.W., Suite 400
Washington, DC 20004

Read Transcript
Speakers:
john_weicher
John C. Weicher

Former Senior Fellow

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.

View Dr. Weicher's slides.

Related Events
See More
19
December 2024
Past Event
Exploiting America’s Strengths in Software and Operational Innovation
Featured Speakers:
Dr. Radha Plumb
Margaret Palmieri
Zach Kramer
Rob Morrissey
Bryan Clark
A US Army Origin autonomous weapons system operates during Project Convergence 22 experimentation on October 26, 2022, in Fort Irwin, California. (DVIDS)
19
December 2024
Past Event
Exploiting America’s Strengths in Software and Operational Innovation

Join Hudson Senior Fellow Bryan Clark for an event with Chief Digital and Artificial Intelligence Officer Dr. Radha Plumb.

A US Army Origin autonomous weapons system operates during Project Convergence 22 experimentation on October 26, 2022, in Fort Irwin, California. (DVIDS)
Featured Speakers:
Dr. Radha Plumb
Margaret Palmieri
Zach Kramer
Rob Morrissey
Bryan Clark
Learn More
17
December 2024
Past Event
Homeland Security and the China Challenge: A Conversation with Congressman Mark Green
Featured Speakers:
Congressman Mark Green
Jonathan Ward
People walk by a building that is suspected of being used as a secret Chinese police station for the purpose of repressing dissidents living in the United States in lower Manhattan on April 18, 2023. (Photo by Spencer Platt/Getty Images)
17
December 2024
Past Event
Homeland Security and the China Challenge: A Conversation with Congressman Mark Green

Congressman Mark Green will join Hudson’s Dr. Jonathan Ward to discuss the importance of cybersecurity, critical infrastructure defense, maritime and border security, the fentanyl crisis, and more.

People walk by a building that is suspected of being used as a secret Chinese police station for the purpose of repressing dissidents living in the United States in lower Manhattan on April 18, 2023. (Photo by Spencer Platt/Getty Images)
Featured Speakers:
Congressman Mark Green
Jonathan Ward
Learn More
13
December 2024
Past Event
US-Taiwan Trade and Technology for the Next US Administration
Featured Speakers:
Rupert Hammond-Chambers
Peter Cleveland
Moderator:
Riley Walters
The TSMC facility in Phoenix, Arizona, on January 24, 2023. (Caitlin O'Hara via Getty Images)
13
December 2024
Past Event
US-Taiwan Trade and Technology for the Next US Administration

Join Hudson for a discussion on the trade and technology relationship between Washington and Taipei with US-Taiwan Business Council President Rupert Hammond-Chambers and Taiwan Semiconductor Manufacturing Company Senior Vice President Peter Cleveland.

The TSMC facility in Phoenix, Arizona, on January 24, 2023. (Caitlin O'Hara via Getty Images)
Featured Speakers:
Rupert Hammond-Chambers
Peter Cleveland
Moderator:
Riley Walters
Learn More
12
December 2024
Past Event
What’s Ahead for Innovators and Creators in the New Trump Administration?
Featured Speakers:
Urška Petrovčič
Brian O’Shaughnessy
Rama Elluru
Andrei Iancu
(Getty Images)
12
December 2024
Past Event
What’s Ahead for Innovators and Creators in the New Trump Administration?

Join Hudson for a discussion with renowned intellectual property experts including former United States Patent and Trademark Office Director Andrei Iancu, Dinsmore’s Brian O’Shaughnessy, and the Special Competitive Studies Project’s Rama Elluru. They will explore potential policy changes, challenges, and opportunities for the innovation and creative sectors in the new administration.

(Getty Images)
Featured Speakers:
Urška Petrovčič
Brian O’Shaughnessy
Rama Elluru
Andrei Iancu
Learn More
See More
Related Research
See More
U.S. President Donald Trump (L) waves as Foxconn CEO Terry Gou (R) and Masayoshi Son, chairman and CEO of SoftBank Group watch at the groundbreaking for the Foxconn Technology Group computer screen plant on June 28, 2018 in Mt Pleasant, Wisconsin. Foxconn has committed to build a $10 billion plant in what it has named the Wisconn Valley Science and Technology Park, and to creating 13,000 Wisconsin jobs. (Photo by Andy Manis/Getty Images)
US President Donald Trump waves as Foxconn CEO Terry Gou and Masayoshi Son, chairman and CEO of SoftBank Group, watch at the groundbreaking for the Foxconn Technology Group computer screen plant on June 28, 2018, in Mt. Pleasant, Wisconsin. (Photo by Andy Manis/Getty Images)
The US-Japan Relationship Is Stronger Than Steel
Riley Walters
Riley Walters
Riley Walters
Senior Fellow
Riley Walters
Commentary
4 Min Read
See More