United States : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

August 2, 2012

Electronic Access:

Free Full Text (PDF file size is 1561 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper for the United States discusses the microeconomics of the country—household wealth and savings. Households’ consumption-saving decisions have an important bearing on the U.S. economic outlook. This paper demonstrates how households with consistently lower income, which have shown growth in the years prior to the crisis, experienced larger declines in their saving rates and a larger rise in their indebtedness before the crisis, contributing significantly to the dynamics of the mean saving rate.

Series:

Country Report No. 12/214

Subject:

English

Publication Date:

August 2, 2012

ISBN/ISSN:

9781475504910/1934-7685

Stock No:

1USAEA2012002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

119

Please address any questions about this title to publications@imf.org