Wealth Matters (A Lot)


U.S. consumers are once again driving the economic train. They aren’t spending with the abandon displayed prior to the Great Recession, but they are doing more than their part to power the economy’s growth.

ANALYSIS BY MARK ZANDI, BRIAN POI, SCOTT HOYT

In this study based on data from the IXI Services division of Equifax covering consumer spending, household financial and housing wealth across states and metropolitan areas, shows that the "wealth effect" – the impact on consumer spending of changes in household wealth – has been instrumental to the economy’s gains since the recession.

Download Analysis

  • Request More Information
  • Materials & Resources