Munich Personal RePEc Archive

A U.S. home equity withdrawal scheme

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

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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.

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