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.
Join Hudson for a discussion with Sir Iain on the economic, political, and security measures the US and its allies need to take to defeat the rising authoritarian axis.
Join Keystone Defense Initiative Director Rebeccah Heinrichs for a conversation with Hammer about the book and the future of US-Israel relations.
Former policymakers and leading national security experts will join Hudson to assess how China’s growing influence is reshaping the regional order—and how the US should respond.
Join Hudson for a panel that will examine some of the tools that could help revitalize US investment in the region, including development finance, political risk insurance, and economic innovation zones.
