bullish

The greatest peacetime surge in household wealth

122 Views26 Oct 2021 01:37
Syndicated
SUMMARY

During the pandemic, US household wealth increased by the largest amount since records began in the 1950s—taking household net worth above six times GDP for the first time; While the increase in wealth in money form has been exceptional, this is dwarfed by the increase in the value of non-financial assets (e.g., housing stock) and non-monetary financial assets such as equities.

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