Our website will undergo scheduled maintenance on March 6th, 2024. During this time, connection to our website and some of its features may be unavailable. Thank you for your patience, and we apologize for any inconvenience.

Journal Article

Effects of Asset Valuations on U.S. Wealth Distribution


Abstract: Net household wealth is highly unequal across U.S. households, and the types of assets people hold tend to change according to their position along the distribution of wealth. The pattern of household portfolios shows that the top 1% of households hold most of their wealth in stocks, while home values are most important for the wealth of the bottom half of the distribution. Higher growth in equity values relative to real estate values therefore tends to widen the wealth distribution, as experienced during the coronavirus pandemic.

Keywords: Households - Economic aspects;

Access Documents

File(s): File format is application/pdf https://www.frbsf.org/economic-research/files/el2021-24.pdf
Description: Full text – article PDF

Authors

Bibliographic Information

Provider: Federal Reserve Bank of San Francisco

Part of Series: FRBSF Economic Letter

Publication Date: 2021-08-30

Volume: 2021

Issue: 24

Pages: 01-06

Related Works