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Improving measurement of household savings and wealth
Describes recent trends leading up to the financial crisis and potential improvements in measuring household saving and wealth
Authors: Chris Daffin, Sarah Levy, Andrew Walton
Economic & Labour Market Review, vol 3, no 7, pp 33-36. ISSN: 1751-8334
This article describes recent trends in household saving and wealth leading up to the current economic downturn. It focuses specifi cally on the saving ratio and the contributions of pensions in household wealth. Although National Accounts measures have provided good indicators of the imbalances that developed in the years before the financial crisis, a number of improvements have been identified - which should become possible in the future using information from new household survey sources. These include breaking down household debt demographically, for which it is planned to publish new analyses and datasets in late 2009.
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