ECB study

Net wealth of European households lost in the crisis recovered; now is over seven times disposable income

Net Wealth Of European Households Lost In The Crisis Recovered; Now Is Over Seven Times Disposable Income

In its latest monthly report, the European Central Bank has published an interesting study on the recent evolution of the wealth of European families.The monetary authority’s objective is to relate families’ net wealth component (assets less debt) to their spending decision. It’s a fact that, in theory,  net wealth accumulated with job prospects are both key for household consumption. In addition, wealth also has theoretical consequences for the design of monetary policy.