News

September 17, 2018

Pfeffer quoted in New York Times

In a New York Times article, The Recovery Threw the Middle-Class Dream Under a Benz, discussing the uneven recovery from the Great Recession, Fabian Pfeffer explains the role family wealth plays: “Over and over, you see that family wealth is an important determinant of opportunity for the next generation, over and above income. Wealth serves as a private safety net that allows you to behave differently and plan differently.”