"The average net worth of the lower half……" — Janet Yellen
"The average net worth of the lower half of the distribution, representing 62 million households, was $11,000 in 2013. About one-fourth of these families reported zero wealth or negative net worth, and a significant fraction of those said they were '‘underwater' on their home mortgages, owing more than the value of the home. This $11,000 average is 50% lower than the average wealth of the lower half of families in 1989, adjusted for inflation."
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Janet Yellen
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38 Quotes by Janet Yellen
Janet Yellen has 38 quotes on this site.
A few more worth reading:
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I would be strongly committed to working with the FOMC to continue promoting a robust economic recovery ... I consider…
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I am anxious to fix welfare. There has to be more training and child care.
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Productivity growth, however it occurs, has a disruptive side to it. In the short term, most things that contribute to…
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Inequality has risen to the point that it seems to me worthwhile for the U.S. to seriously consider taking the…
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It slightly worries me that when people find a problem, they rush to judgment of what to do.
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Are deviations from full employment a social problem? Obviously.
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For my own part, I did not see and did not appreciate what the risks were with securitization, the credit…
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Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not,
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The bottom line for housing is that the concerns we used to hear about the possibility of a devastating collapse—one…
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If it were possible to take interest rates into negative territory I would be voting for that.
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Prospects for growth in the year ahead are solid at the national level, and of course, this can only be…
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By some estimates, income and wealth inequality are near their highest levels in the past hundred years, much higher than…
See all 38 quotes by Janet Yellen »
More Adjusted Quotes
This quote is filed under Adjusted Quotes,
one of 139 quotes in that category. Here are a few more:
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Our model of Nature should not be like a building-a handsome structure for the populace to admire, until in the…
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The most difficult struggle of all is the one within ourselves. Let us not get accustomed and adjusted to these…
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