European Parliament Library

United States :, Selected Issues

Abstract
This Selected Issues paper for the United States discusses the microeconomics of the country—household wealth and savings. Households’ consumption-saving decisions have an important bearing on the U.S. economic outlook. This paper demonstrates how households with consistently lower income, which have shown growth in the years prior to the crisis, experienced larger declines in their saving rates and a larger rise in their indebtedness before the crisis, contributing significantly to the dynamics of the mean saving rate
Table Of Contents
Cover; Contents; I. U.S. Household Wealth and Saving: The Micro Story Behind the Macro Dynamics; A. Introduction; B. Data; Structure and Content of the Dataset; Representativeness of the Survey; Average Savings and Wealth in the PSID; C. Saving Behavior Before the Crisis-Did Income Growth Matter?; Figures; I.1. Saving Rates by Income Growth over 1999-2007; D. The Role of Housing; I.2. Saving Rates for Households with Varying Dependence on Housing Wealth; E. Did Households with Higher Debt Burdens in 2007 Become more Thrifty After the Crisis?; I.3. Saving Rates and Indebtedness in 2007
Language
eng
Literary Form
non fiction
Note
"August 2012."
Physical Description
1 online resource (120 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781299264229

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