After the Fall: Rebuilding Family Balance Sheets, Rebuilding the Economy
http://www.stlouisfed.org/publications/ar/2012/pages/ar12_2a.cfm
Surmises that only about 45% of inflation-adjusted household wealth has been recovered since the recession of 2008-2009, This essay explores the damage to household wealth that occurred, which demographic groups lost the most, and the importance of healthy household balance sheets to the economy. From the Annual Report of the Federal Reserve Bank of St. Louis