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Increased credit availability, rising asset prices help boost consumer spending

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Listed:
  • John V. Duca
  • Anthony Murphy
  • Elizabeth Organ

Abstract

A combination of much less household debt, revived access to consumer credit and recovering asset prices have holstered U.S. consumer spending. This trend will likely continue despite an estimated 50 percent reduction since the mid-2000s of the housing wealth effect?an important amplifier during the boom years.

Suggested Citation

  • John V. Duca & Anthony Murphy & Elizabeth Organ, 2016. "Increased credit availability, rising asset prices help boost consumer spending," Economic Letter, Federal Reserve Bank of Dallas, vol. 11(3), pages 1-4, April.
    • Handle: RePEc:fip:feddel:00030
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