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17th Oct 2024 18:11USWeekly Monitor

  • Liquid assets matter more for spending than total wealth; most households now hold less than usual.
  • The top 20% of the income distribution still has ample liquid assets, but threats to their income loom.
  • We see a few factors preventing lower rates from providing a big boost to residential construction.

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Keywords for: 21 October 2024 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence