Abstract:

Income inequality, United States, Income distribution, Private savings, Household consumption, Economic recession, Econometric models, wealth inequality, business cycles, assets, reserve, debt, disposable income, prices, marginal propensity to consume, valuation, consumption function, real income, trends, elasticity, wages, variables, real estate, household debt, macroeconomics, econometrics, monetary policy, growth rate, gdp, national income, mortgages, financial crisis, central bank, trough, income groups, political economy, debts, consumption increases, lags, measurement, distribution of wealth, households, advanced economies, homeowners, loan, loan delinquency