Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Rising Wealth (Manufactured By QEs) Does Not Generate Spending Surge

Tuesday, June 25, 2013 - 7:46 AM

Rising US wealth doesn't generate spending surge - Personal finance -

As expected: "The biggest gains in wealth are going to wealthy households that tend to save a big chunk of their incomes and spend a smaller proportion on basics such as food and clothing. ‘‘Those guys don’t spend much,’’ says economist Edward Wolff of New York University."
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427