美 가구별 자산 가치, 2008년 금융위기로 40% 감소

입력 : 2014.12.14 16:03 | 수정 : 2014.12.14 16:18

 

미국인들이 금융위기 이전보다 40% 가난해졌다는 분석결과가 나왔다. 부동산 가격이 떨어지면서 자산 가치가 하락한 것이 주된 원인이다.

미국의 여론조사·정책분석 기관인 퓨(Pew) 리서치센터는 2013년 미국인 1가구당 순자산 가치가 금융위기 이전인 2007년보다 40% 감소했다는 조사결과를 발표했다고 13일(현지시각) 마켓워치가 전했다. 2007년 13만5700달러(약 1억4960만원)에서 2010년 8만2300달러, 2013년 8만1400달러(약 8970만원)로 줄었다.

퓨리서치센터는 “주택시장과 금융시장 위기로 불붙은 금융위기는 미국 가정의 자산 가치를 전반적으로 떨어뜨렸다”고 분석했다.

금융위기는 유색인종 가정에게 더 큰 충격을 줬다.

조사결과에 따르면, 백인 가정의 2013년 순자산 가치 중간값은 14만1900달러로 집계됐다. 2007년(19만2500달러)보다 26% 줄었다. 같은 기간 히스패닉 가정의 순자산 가치 중간값은 42% 감소했다. 2007년에는 가구당 2만3600달러였지만, 지난해 말에는 1만3700달러로 집계됐다. 흑인 가정의 순자산 가치 중간값은 1만3700달러로, 금융위기 이전(2007년·1만9200달러)보다 43% 줄었다.

백인 가정의 경우 부동산 외에도 주식, 연금저축계좌 등 다양한 자산에 분산 투자한 덕에 금융위기로 주택 가격이 폭락한 영향을 상대적으로 덜 받았다고 연구소는 설명했다

 

 

 

Wealth inequality has widened along racial, ethnic lines since end of Great Recession 

 

The Great Recession, fueled by the crises in the housing and financial markets, was universally hard on the net worth of American families. But even as the economic recovery has begun to mend asset prices, not all households have benefited alike, and wealth inequality has widened along racial and ethnic lines.

The wealth of white households was 13 times the median wealth of black households in 2013, compared with eight times the wealth in 2010, according to a new Pew Research Center analysis of data from the Federal Reserve’s Survey of Consumer Finances. Likewise, the wealth of white households is now more than 10 times the wealth of Hispanic households, compared with nine times the wealth in 2010.

The current gap between blacks and whites has reached its highest point since 1989, when whites had 17 times the wealth of black households. The current white-to-Hispanic wealth ratio has reached a level not seen since 2001. (Asians and other racial groups are not separately identified in the public-use versions of the Fed’s survey.)

Leaving aside race and ethnicity, the net worth of American families overall — the difference between the values of their assets and liabilities — held steady during the economic recovery. The typical household had a net worth of $81,400 in 2013, according to the Fed’s survey — almost the same as what it was in 2010, when the median net worth of U.S. households was $82,300 (values expressed in 2013 dollars).

The stability in household wealth follows a dramatic drop during the Great Recession. From 2007 to 2010, the median net worth of American families decreased by 39.4%, from $135,700 to $82,300. Rapidly plunging house prices and a stock market crash were the immediate contributors to this shellacking.

Our analysis of Federal Reserve data does reveal a stark divide in the experiences of white, black and Hispanic households during the economic recovery. From 2010 to 2013, the median wealth of non-Hispanic white households increased from $138,600 to $141,900, or by 2.4%.

Meanwhile, the median wealth of non-Hispanic black households fell 33.7%, from $16,600 in 2010 to $11,000 in 2013. Among Hispanics, median wealth decreased by 14.3%, from $16,000 to $13,700. For all families — white, black and Hispanic — median wealth is still less than its pre-recession level.

A number of factors seem responsible for the widening of the wealth gaps during the economic recovery. As the Federal Reserve notes, the median income of minority households (blacks, Hispanics and other non-whites combined) fell 9% from its 2010 to 2013 surveys, compared with a decrease of 1% for non-Hispanic white households. Thus, minority households may not have replenished their savings as much as white households or they may have had to draw down their savings even more during the recovery.

Also, financial assets, such as stocks, have recovered in value more quickly than housing since the recession ended. White households are much more likely than minority households to own stocks directly or indirectly through retirement accounts. Thus, they were in better position to benefit from the recovery in financial markets.

All American households since the recovery have started  to reduce their ownership of key assets, such as homes, stocks and business equity. But the decrease in asset ownership tended to be proportionally greater among minority households. For example, the homeownership rate for non-Hispanic white households fell from 75.3% in 2010 to 73.9% in 2013, a percentage drop of 2%. Meanwhile, the homeownership rate among minority households decreased from 50.6% in 2010 to 47.4% in 2013, a slippage of 6.5%.

While the current wealth gaps are higher than at the beginning of the recession, they are not at their highest levels as recorded by the Fed’s survey. Peak values for the wealth ratios were recorded in the 1989 survey — 17 for the white-to-black ratio and 14 for the white-to-Hispanic ratio. But those values of the ratios may be anomalies driven by fluctuations in the wealth of the poorest — those with net worth less than $500. Otherwise, the racial and ethnic wealth gaps in 2013 are at or about their highest levels observed in the 30 years for which we have data.