We have investigated the influence of fiscal instruments, notably taxes on income and government spending, on household … consumption in two different samples and two measures of household debt to provide a comprehensive analysis of the topic. We used … fiscal impulses increase private consumption, but when households are highly indebted, patterns change, and increased …

across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a …Rising income inequality since the 1980s in the United States has generated a substantial increase in saving by the top … of the income distribution, which we call the saving glut of the rich. The saving glut of the rich has been as large as …

We study how furlough affects household financial distress during the COVID-19 pandemic. Furlough increases the … offset furlough-induced income reductions. This creates wealth inequality but lowers the probability a furloughed worker …

We show that the discontinuity in the distribution of surveyed female income shares at the margin where a woman would …

-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display … similar flattening. Employing a lifecycle model we show changes in income are sufficient to match the movements in consumption …We document systematic and significant time variation in US lifecycle non-durable consumption profiles. Consumption …

We examine the effects of monetary policy on household self-assessed financial stress and durable consumption using … panel data from eighteen annual waves of the British Household Panel Survey. For identification, we exploit random variation … in household exposure to interest rates generated by the random timing of household interview dates with respect to …

Each year, more than two million U.S. households have an eviction case filed against them. Many cities have recently … aftermath of eviction court for both evicted and non-evicted households, finding high levels and striking increases in financial … judges of varying leniency. We find that eviction negatively impacts credit access and durable consumption for several years …

-shaped profile by age. Third, we show how credit card debt has evolved along the income distribution. Finally, we document a large … amount of heterogeneity in credit card interest rates across consumers. In the second part of the survey, we describe what …