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Tuesday, March 28, 2023

Educational: Examining the Rapid Rise of U.S. National Wealth since 2012

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Alert Alert Mar 28, 2023, 8:54pm
 
Educational: Examining the Rapid Rise of U.S. National Wealth since 2012
In a stable economy, national wealth and gross domestic product (GDP) are generally expected to rise and fall together closely, resulting in a wealth-to-GDP ratio that remains relatively constant. The U.S. wealth-to-GDP ratio, however, rose rapidly over the last decade. What could account for this increase? St. Louis Fed Research Officer YiLi Chien and ...
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