Banking and Capital Markets

What is negative wealth, and who does it affect?

The United States Federal Reserve Board building is shown in Washington October 28, 2014. The U.S. Federal Reserve this week will likely reinforce its stated willingness to wait a long while before hiking interest rates after a volatile month in financial markets that saw some measure of inflation expectations drop worryingly low.

It may be permanent, or temporary, but understanding negative wealth is important for understanding wealth inequality. Image: REUTERS/Gary Cameron

Giacomo De Giorgi
Full Professor and Director, Institute of Economics and Econometrics, University of Geneva
Olivier Armantier
Assistant Vice President, Federal Reserve Bank of New York’s Research and Statistics Group
Wilbert van der Klaauw
Senior Vice President, Federal Reserve Bank of New York’s Research and Statistics Group
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Banking and Capital Markets

 Assets and debts by wealth group
Image: Federal Reserve Bank of New York Liberty Street Economics
Image: Federal Reserve Bank of New York, Survey of Consumer Expectations
 Asset composition by wealth group
Image: Federal Reserve Bank of New York, Survey of Consumer Expectations
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Related topics:
Banking and Capital MarketsEconomic ProgressFinancial and Monetary Systems
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