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Consumer Financial Health: Difference between revisions
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== Wealth == | == Wealth == | ||
* Net Worth is still 23% above 2019 | * Net Worth is still 23% above Q4 2019 | ||
* Net worth has come down 5% since all-time high in Q4 2021, driven primarily by losses in corporate equity. | * Net worth has come down 5% since all-time high in Q4 2021, driven primarily by losses in corporate equity. | ||
* The wealth effect creates the psychological effect that the increase/decrease in asset values has a direct impact on consumer spending, more importantly, real state values. However, since wealth destruction is still only 5%, and real state is still growing, this wealth effect is more likely still very limited. | * The wealth effect creates the psychological effect that the increase/decrease in asset values has a direct impact on consumer spending, more importantly, real state values. However, since wealth destruction is still only 5%, and real state is still growing, this wealth effect is more likely still very limited. | ||