Explain why higher stock prices and higher real estate values are equivalent to saving. U.S. household wealth

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Explain why higher stock prices and higher real estate values are equivalent to saving.

U.S. household wealth grew to $$136.9$ trillion in the first quarter of 2021. Rising stock prices added $$3.2trillion$ to household financial assets and rising real estate values added $$1$ trillion.

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Macroeconomics

ISBN: 9780137470822

14th Edition

Authors: Michael Parkin

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Question Posted: Apr 07, 2024 07:00 AM

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Explain why higher stock prices and higher real estate values are equivalent to saving. U.S. household wealth

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Saving adds to a households we...View the full answer

Macroeconomics

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