Janet Yellen on Housing Wealth Lost

Posted by admin on Sunday, October 19, 2014

Janet Yellen Money Quotation saying real estate prices for homes have not recovered fully, a loss in American assets for the middle class. Janet Yellen said:

Widening inequality resumed in the recovery, as the stock market rebounded, wage growth and the healing of the labor market have been slow, and the increase in home prices has not fully restored the housing wealth lost by the large majority of households for which it is their primary asset
— Janet Yellen

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