Meyer, Bruce D.; Murphy, Connacher; Sullivan, James X. - National Bureau of Economic Research - 2022
We examine the distribution of household consumption, income and savings from 2019 through the end of 2020 using the … consumption are different than those for income, particularly in the upper part of the distribution. Liquid assets increase in the … upper half of the distribution, consistent with the divergence between the upper half of the income and consumption …