Housing Wealth and Consumer Spending Background paper

摘要

The Congressional Budget Office (CBO) regularly examines issues and developments that could affect its economic forecasts. Consumer spending, an important part of those forecasts, is affected by household wealth, including housing wealth. This background paper examines the potential effect of changes in housing wealth on consumer spending. As with other CBO background papers, it is designed to make the agency's analyses more transparent by explaining CBO's methodologies and assumptions.