Where’s the Money Going? The Importance of Accounting for Rent Payments in Measuring a Household's Financial Obligations

Andrew C. Chang, Joanne Hsu, Michael Palumbo and Sarah Reber
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Andrew C. Chang: https://www.federalreserve.gov/econres/andrew-c-chang.htm

No 2018-06-20, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: To get a more comprehensive picture of how families' uncommitted income has evolved since the financial crisis, we analyze a broader measure of households’ committed monthly payments that includes rent for renters, as well as payments to cover mortgages for homeowners and other debt obligations for all families.

Date: 2018-06-20
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2018-06-20

DOI: 10.17016/2380-7172.2213

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