Tag: government relief
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…
The brief’s key findings are: Before COVID-19, many households said they would have trouble paying a $400 unexpected expense. The question is how COVID, with its mix of job losses and stimulus checks, has affected households’ financial well-being. While the final impact of the three stimulus payments will not be known for several years, preliminary…
