After the Refinancing Boom : Will Consumers Scale Back Their Spending?

Concerns are rising that the recent surge in home equity withdrawal has left consumers in a weakened financial position that will, over time, prompt a retrenchment in spending. However, a look at household assets and liabilities suggests that consumers have used the withdrawn funds to restructure their balance sheets and reduce their debt service burden. As a result, households may be in a better position to spend in the years ahead

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Year of publication:	2005
Authors:	McConnell, Margaret Mary ; Peach, Richard W. ; Al-Haschim, Alex
Publisher:	[S.l.] : SSRN

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Extent:	1 Online-Ressource (7 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Current Issues in Economics and Finance, Vol. 9, No. 12, December 2003
Classification:	E2 - Consumption, Saving, Production, Employment, and Investment ; E21 - Consumption; Saving
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014066381