Young cut back their spending most in recent recession

Published on 19 October 2011

<p>New research published today by the IFS throws more light on the nature of the recent recession and its impact on households. It shows that the 2008-09 recession was different from the recessions of the 1980s and 1990s in the scale of the falls in household expenditure, in how long those falls have persisted and in the ways in which households have adjusted their spending.</p>

Authors

Hamish Low

Research Fellow University of Oxford

Hamish is the James Meade Professor of Economics at the University of Oxford, a Professorial Fellow of Nuffield College and a Research Fellow at IFS.

Thomas Crossley

Thomas F. Crossley

Research Fellow University of Michigan

Tom is a Research Fellow at IFS, a Research Professor for the Institute for Social Research at the University of Michigan.

Cormac O'Dea

Research Associate Yale University

Cormac is a Research Associate of the IFS, an Assistant Professor of Economics at the Yale University and Research Fellow at the NBER.