Cost Of Living During The Great Recession

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Cost of Living Inequality During the Great Recession

https://academic.oup.com/jeea/article-abstract/doi/10.1093/jeea/jvaa018/5863149

These groups roughly approximate the quartiles of the cross-sectional distribution of household income. The median household income increased from $57,674 in 2004 to $59,534 in 2007, and then dropped to $54,569 in 2012 during the Great Recession.

Cost of Living Inequality during the Great Recession by ...

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2567357

Mar 01, 2017 · We find substantial differences across income groups that arise during the Great Recession. The difference in annual inflation between the lowest quartile of the income distribution and the highest quartile was 0.22 percentage points for 2004-2007, 0.85 percentage points for 2008-2013, and 0.02 percentage points for 2014-2016.Cited by: 7

Cost of Living Inequality during the Great Recession

https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID3039638_code1877495.pdf?abstractid=2567357&mirid=1&type=2

Cost of Living Inequality during the Great Recession ... nd substantial di erences across income groups that arise during the Great Recession. The di erence in annual in ation between the lowest quartile of the income distribution and the highest quartile was 0.22 percentage points for 2004-2007, 0.85 percentage ...Cited by: 7

Cost of Living Inequality during the Great Recession

https://ideas.repec.org/p/red/sed015/1372.html

We find substantial differences across income groups arising mainly during the Great Recession. The annual cost of living inflation of the highest quartile has been on average 0.7 percentage points lower than that of the lowest quartile of the income distribution.Cited by: 7

Cost of Living Inequality during the Great Recession

https://www.economicdynamics.org/meetpapers/2015/paper_1372.pdf

We find substantial differences across income groups arising mainly during the Great Recession. The an- nual cost of living inflation of the highest quartile has been on average 0.7 percentage points lower than that of the lowest quartile of the income dis- tribution.Cited by: 7

Great Recession Causes, Effects, Statistics, & Facts ...

https://www.britannica.com/topic/great-recession

Great Recession, economic recession that was precipitated in the United States by the financial crisis of 2007–08 and quickly spread to other countries. Beginning in late 2007 and lasting until mid-2009, it was the longest and deepest economic downturn in many countries, including the United States, since the Great Depression (1929–c. 1939).. The financial crisis, a severe contraction of ...

Why prices didn’t plummet during the Great Recession

https://www.aeaweb.org/research/charts/why-prices-didn't-plummet-during-great-recession

What accounts for this missing deflation? In a study that was recently named one of the 2017 AEJ Best Papers, authors Lawrence Christiano, Martin Eichenbaum, and Mathias Trabandt argue that the financial crisis at the onset of the Great Recession subtly propped up inflation. The unusually high cost of borrowing in late 2008 and 2009 (as indicated by elevated corporate bond spreads) put ...

The Trump vs. Obama economy — in 16 charts - Washington Post

https://www.washingtonpost.com/business/2020/09/05/trump-obama-economy/

Sep 05, 2020 · Middle-class households were hit hard during the Great Recession. For years, their incomes remained lower than in the late 1990s, once the cost of living was taken into account.

Do recessions cause prices to increase or decrease? - Quora

https://www.quora.com/Do-recessions-cause-prices-to-increase-or-decrease

Jan 21, 2012 · Think of your store or restaurant as an economy or a sector of an economy. Then out of nowhere, a carnival comes to town and steps up right down the street. Think of this has the boom period, as new people are coming in your store for business. Yo...