Tag: COVID impact
The brief’s key findings are: The COVID recession brought the economy to a halt, but households got robust government support and asset markets soared during 2020-2021. Overall, balance sheets showed some improvements during this period: high-wealth households saw rapid asset growth from the booming markets; and those in the middle got market gains and a boost from…
Surprisingly, health had no effect, but rising 401(k) balances and expanded unemployment benefits were really important. While the contours of the Great Recession and the COVID Recession differed sharply, older workers continued to retire and claim Social Security. The question that my co-authors, Anqi Chen and Siyan Liu, and I explored in a recent study is the relative impacts of…
