from the Survey of Household Finances over the period 2002 to 2014 to examine the distributions of income and wealth in … group incomes rising. In addition, higher levels of mobility within the middle of the household wealth distribution are … recession, resulting in a substantial rise in unemployment, and income and wealth inequality. This paper uses longitudinal data …

lack of reliable panel data on household expenditures. One possibility is to use surveys that follow the same households … alternative approach is to use the accounting identity that total household spending is equal to income plus capital gains minus … the change in wealth over the period. The goal of this paper is to examine the advantages and difficulties of using this …