The Financial Vulnerability of Families

Source: Christian Weller and Kate Sabatini, Challenge: The Magazine of Economic Affairs, Volume 50, Number 3, May-June 2007
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Few doubt that the housing boom is over. But the extent of the housing decline and its consequences for the economy are subject to much speculation. The authors present a detailed and comprehensive picture of Americans’ dependence on housing and are concerned about the extent of their vulnerability to future economic shocks.

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