Redistribution of wealth could boost consumption rate
ANN ARBOR—Want to boost the consumption rate in the United States? Transfer wealth from the top 20 percent of earners to the bottom 80 percent, according to a University of Michigan study. The study is the first to consider the interplay between consumption, income inequality and wealth inequality, and found that such a transfer could boost the total consumption rate by about 3 or 4 percent.
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