这部重要的新书逐县地分析了美国的数据。 米安和苏菲向我们表明，衰退由家庭消费崩溃引起，而家庭消费下降大部分发生在危机前的借债和危机后的房地产价格导致家庭面临的净财富相对损失最大的县。
Mian and Sufi show that the recession was caused by a collapse of household consumption, and that consumption fell most in those counties where pre-crisis borrowing and post-crisis real-estate prices left households facing the largest relative losses in net wealth.