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Second Quarter 2011

The U.S. stock market and housing market—the two largest sources of U.S. household wealth—have had sizable booms and busts in recent years. This volatility has influenced national consumption trends and had important consequences for states. Some states have become relatively wealthier, affecting both the short- and long-term consumption spending potential of their residents.

Authors

Chad Wilkerson

Senior Vice President and Oklahoma City Branch Executive

Chad Wilkerson is Senior Vice President and Oklahoma City Branch Executive at the Federal Reserve Bank of Kansas City. In this role, he serves as the Bank’s lead officer and regi…

Megan Williams

Associate Economist and Manager

Megan Williams is Associate Economist and Manager in the Regional Affairs department at the Kansas City Fed’s Oklahoma City Branch office. In this role, she is responsible for cu…