Among this group, representing about 25 million American households, many families had no wealth or had negative net worth. The next fifth of households by income had median net worth of just $ These numbers represent declines from 2010. One reason is that income has continued to fall for these families.
Aside from enabling smoother market rate adjustments relative to BSP policy rates, we see that the IRC will contribute to having more active and efficient financial markets.1 And in support of the national goal of inclusive growth, we will pursue with 12 other government agencies the implementation of our National Strategy for Financial Inclusion.