While the current economy is often characterized as “hot,” marked by low unemployment, stable prices, and sustained economic growth, many residents are not enjoying the prosperity reflected in the aggregate measures of economic well-being. This report focuses on those who have not reaped the benefits of recent sustained growth in the economy. The report highlights groups who have faced barriers to economic participation and documents interrelated rising costs—particularly for housing, transportation, and childcare—that contribute to keeping people on the sidelines of the economy.
Shrimali, Bina. 2019. “On the Sidelines of the Hot Economy,” Federal Reserve Bank of San Francisco Community Development Research Brief 2019-04. Available at https://doi.org/10.24148/cdrb2019-04