across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …

the consumption level of all households who are perceived to be richer, on household savings and consumption. When …We demonstrate that interpersonal comparisons lead to "keeping up with the Joneses"-behavior. Using annual household …

across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …

on household debt and unplanned savings over 2020. We merge data from the Survey of Financial Security and the Survey of … Household Spending to construct a representative cross-section of households who vary in their income, debt portfolios and mix … of consumption expenditures. We simulate a series of individual and aggregate shocks to household income and consumption …