Economic Recoveries for Doubled-Up Households from the Great Recession
In the twenty years I have spent living in different types of dwellings, including households that support more than one family, I have noticed that these doubled-up households seem to take longer to recover from an economic crisis. Is this a pattern? This study seeks to investigate and measure if living in doubled-up households lengthens economic recovery. We will look at doubled-up households and how economic circumstances and other possible shocks might impact these types of dwellings by analyzing household income recoveries post 2008 recession, comparing traditional households with comparable doubled-up households. The economic recovery in the United States from the Great Recession saw real median household income return to the 2007 peak by 2016 and continued to climb, but in that timespan there was an increase in the number and share of doubled-up households. This influx of doubled-up households created a false signal of macroeconomic wellbeing; it demonstrated a growing trend of median household income while disguising housing insecurity.
Message to Sponsor
- Major: Economics
- Sponsor: CACSSF
- Mentor: Sofia Villas-Boas