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Kultur Dokumente
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22 30 38 46 54 62 70 78
Age of household head in 2008
SOURCES: Federal Reserve Bank of New York Consumer Credit Panel/Equifax, Bureau of
Economic Analysis.
(continued on Page 3)
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ENDNOTES
1. Financial Accounts of the United States, http://www.federalreserve.
gov/releases/z1/. The infation adjustment uses the personal con-
sumption expenditures chain-weighted defator benchmarked to
the frst quarter of 2014, http://research.stlouisfed.org/fred2/tags/
series?t=infation%3Bpce. The household adjustment uses census data,
http://www.census.gov/hhes/families/data/households.html.
2. A previous issue of In the Balance discussed overall wealth trends by age
group and how age-specifc patterns of asset holdings contributed to
young families falling behind middle-aged and older families.
www.stlouisfed.org/in-the-balance-issue-7.
3. Data are from the Federal Reserve Bank of New York Consumer Credit
Panel/Equifax.
4. People born after 1982 were under 18 in 2000, so we do not include
them here. For more generational perspectives on household balance
sheets, visit the website of the St. Louis Feds recent conference,
www.stlouisfed.org/hfs-symposium-2014.
5. Data are from the March Supplement to the Current Population Survey.
The most recent data are for 2013, so we compare the two cohorts
when they were each 43 years old.
6. Financial Accounts of the United States. Total homeowners equity was
$10.8 trillion at the end of the frst quarter of 2014, compared to $13.4
trillion eight years earlier. Subsequently, the price level has increased
by 15 percent, and the number of households has increased by 4 per-
cent. As of the frst quarter of 2014, average real homeowners equity
was 67.5 percent of its level in the frst quarter of 2006.
FIGURE 3
Household Debt in First Quarter 2014 by Age Relative
to Debt of Cohort Born 6 Years Earlier Observed at
Same Age in First Quarter of 2008
SOURCES: Federal Reserve Bank of New York Consumer Credit Panel/Equifax, Bureau of
Economic Analysis.
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Age of household head in 2014
22 30 38 46 54 62 70 78
FIGURE 4
Household Debt in First Quarter 2014 by Age Relative
to Debt of Cohort Born 14 Years Earlier Observed at
Same Age in First Quarter of 2000
SOURCES: Federal Reserve Bank of New York Consumer Credit Panel/Equifax, Bureau of
Economic Analysis.
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Age of household head in 2014
22 30 38 46 54 62 70 78
(continued from Page 2)
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