Fed's Brainard Says Middle-Class Squeeze Poses Risks to Economy

Research shows that households with lower levels of wealth spend a larger fraction of income gains than their wealthier counterparts.

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Bibliographic Details
Published in:Credit Union Times 2019-05
Main Author: Miller, Rich
Format: Article
Language:English
Subjects:
Economic growth
Households
Income distribution
Middle class
Middle income
Recessions
Online Access:Get full text
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Description
Summary:Research shows that households with lower levels of wealth spend a larger fraction of income gains than their wealthier counterparts.
ISSN:1058-7764