A U.S. home equity withdrawal scheme

De Koning, Kees (2022): A U.S. home equity withdrawal scheme.

Abstract

In the U.S. total pension assets level stands at $27.6 trillion and total net home equity amounts to $29.04 trillion. The U.S expected GDP level for 2022 is $23.4 trillion. U.S. total Government expenditure for this year is $9.32 trillion. The suggestion in this paper is to create a structure that does not rely on government spending but allows most households to use some of their home equity to stimulate the economy. U.S. households already have the right to withdraw up to 25% of their pension savings -an age related structure-. Home equity withdrawal would be anti recession based tool.

• Item Type: MPRA Paper
• Language: English
• Keywords: home equity withdrawal; U.S government debt restrictions; quantitative easing home equity.
• Subjects: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E21 - Consumption ; Saving ; Wealth; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E22 - Investment ; Capital ; Intangible Capital ; Capacity; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E27 - Forecasting and Simulation: Models and Applications; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E51 - Money Supply ; Credit ; Money Multipliers; G - Financial Economics > G1 - General Financial Markets > G18 - Government Policy and Regulation

References

Fed: U.S. households' owners' equity; various years.

Fed: Financial assets of pension funds.

St.Louis Fed: unemployment rates in the U.S.

U.S. Census Bureau: Owner occupied homes in the U.S.