Excess Wealth

Published on July 3, 2023 by Premium

Excess pandemic savings are better thought of as a component of household wealth, which remains far above trend and can continue to fuel consumption. Financial savings do not all just sit in a bank account, but can be used to purchase assets that appreciate in value. The excess pandemic savings of households are only a small part of an overall boom that has kept household wealth far above trend. The wealth boom was broad and […]

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