FYI: .Aggregate changes in the balance sheets of U.S. households show improvements since 2010, but the recovery has not been the same for everyone.
. .Analyzing changes in wealth, debt and financial distress by ZIP code offers a different perspective on household financial resilience.
.Neighboring ZIP codes, even within the same city, often experience divergent outcomes defying the national trend.
. .Since 2015, housing wealth, debt and financial distress have been rising the fastest in the poorest ZIP codes, increasing their vulnerability to housing price downturns.
Regards,
Ted
https://www.stlouisfed.org/publications/regional-economist/first-quarter-2019/unequal-recovery-measuring-financial-distress
