Burnt toastReport Date: 7th December, 2021
The unequal distribution of US household assets is a reality. The pandemic was never going to change that. But measures taken during this crisis have spread recent changes more equitably. That is a function of government transfers. They were large enough to boost not only consumption but also the stock of cash savings. With this buffer, strong employment growth and accelerating wages, the outlook for future demand looks positive.
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