Changing Household Financial Opportunities and Economic Security

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The Sociology of Finance (2011, background): “Put another way, the personal savings rate fell from an average of about 10% in 1980 to roughly 2% in 2005 (Dynan 2009, p. 51).”
Financialization of the Economy (2015, background): “The proportion of median household debt to income grew from 0.14 in 1983 to 0.61 in 2008, and the median debt service ratio (i.e., the share of income devoted to required debt payment) increased from 5% in 1983 to 13% in 2007 (Dynan 2009).”
Bounds on Elasticities with Optimization Frictions: A Synthesis of Micro and Macro Evidence on Labor Supply (2012, background): “The ratio of assets to wage earnings was approximately Ai,twl∗i,t = 1.26 for the median individual in the U.S. in 2008 (Dynan 2009, Table 1).”
Debt and Financial Vulnerability on the Verge of Retirement (2019, background): “which made it easier to for households to borrow (Dynan 2009; Edelberg 2006).”
Is a Household Debt Overhang Holding Back Consumption? (2012, unknown): “For example, Frederic Mishkin (1977) argued that fears of excessive debt-service burdens induced a deleveraging that contributed to the severity of the 1973–75 recession.”
Household Debt: Facts, Puzzles, Theories, and Policies (2015, background): “Only about $600 million of this is on home equity lines of credit (source: FRBNY Consumer Credit Panel).”