Federal Reserve Bank of St. Louis http://news.stlpublicradio.org en The Struggle For Young People To Reach The American Dream: A Conversation With St. Louis Researchers http://news.stlpublicradio.org/post/struggle-young-people-reach-american-dream-conversation-st-louis-researchers <p>As the United States economy returns to a healthier state, one generation in particular is lagging behind in returning to pre-recession levels of wealth: millennials.</p><p>Young people in their 20s and 30s have taken a greater hit from the recession than any other age group, bringing into question whether the American dream of upward mobility is obtainable for them.</p> Wed, 07 May 2014 22:19:54 +0000 Camille Phillips 35944 at http://news.stlpublicradio.org The Struggle For Young People To Reach The American Dream: A Conversation With St. Louis Researchers Young Families Hurt More By Recession http://news.stlpublicradio.org/post/young-families-hurt-more-recession <p>Younger families are not recovering as quickly from the recession as their elders.</p><p><span style="line-height: 1.5;">An <a href="http://www.stlouisfed.org/publications/itb/articles/?id=2481">analysis</a> from the Federal Reserve Bank of St. Louis found that families headed by someone younger than 40 have recovered only about one-third of their pre-recession wealth.</span></p><p><span style="line-height: 1.5;">Meanwhile older families have nearly regained their pre-crisis level of wealth.</span></p><p></p> Mon, 03 Mar 2014 02:25:25 +0000 Maria Altman 34074 at http://news.stlpublicradio.org Young Families Hurt More By Recession Restoring Household Financial Stability Post Recession http://news.stlpublicradio.org/post/restoring-household-financial-stability-post-recession <p>Digging out of an economic crisis can be a lot more complicated than getting in to one and can take a lot more time, too.&nbsp; While there are positive signs that we are climbing out of the recession, there is still considerable fallout, especially for young couples and recent college grads.&nbsp;</p><p>Jobs are still hard to find for newcomers in the job market and college debt is overwhelming for many. The housing market decline, and resulting loss of wealth, was especially painful for young home owners.&nbsp;</p> Tue, 05 Feb 2013 02:03:10 +0000 Mary Edwards, Alex Heuer & Don Marsh 8975 at http://news.stlpublicradio.org Restoring Household Financial Stability Post Recession