Household wealth grew substantially in 2020 and 2021 as a result of reduced spending during the three-year COVID-19 pandemic (i.e., between the first quarter of 2020 and the first quarter of 2023), substantial income support from government transfers, and increases in asset values. But the extraordinary wealth that households accumulated in 2020 and 2021 had dissipated by the first quarter of 2023, largely as a result of stock market losses and low saving rates coupled with weak income growth. In addition, liquid wealth, meaning wealth held in checking and savings accounts, has fallen substantially since 2021.
https://www.hamiltonproject.org/wp-content/uploads/2023/08/20230801_THP_HouseholdFinances_Report.pdf
[link] [comments] https://www.reddit.com/r/stocks/comments/15iv0jn/deteriorating_household_finances_will_not_support/
Accedi per aggiungere un commento
Altri post in questo gruppo
Please use this thread to discuss your portfolio, learn of other stock tickers, and help out users by giving constructive criticism.
Why quarterly? Public comp
When you sell a stock to buy another stock, do you prefer to set the estimated amount of the capital gains taxes aside in a money market or do you think it better to
Saving for retirement is crucial, but relying solely on a 401(k) might not be enough due to high inflation. Consider investing in growth stocks, especially in the tec
I’m think this is not a good investment as there is no chatter at all on the 52 week low. They are involved in a class action lawsuits by investors and credit card co
Sorry if this is the wrong sub. Let’s say I had $1 million in VOO but I wanted to sell half of it to buy SCHD. It would suck to pay taxes on $500k. So how would you g
Hey guys, I did a deep dive into Crocs. In this analysis, I will do a brief breakdown of the company and go over some quantitative data, qualitative data and estimate
