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Tag: Household Wealth

July 8th – Wealth Effect

By Adam DeermountIn Basis PointsPosted July 8, 2021

Chart of the Day US household wealth as a percentage of GDP went off the chart over the past year and a half.  The trend should be a substantial tailwind due to the wealth effect where people tend to consume more when they are relatively better off.  Today's levels dwarf...

Tags: Economics, GDP, Household Wealth
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