A U.S. home equity withdrawal scheme

Kees De Koning ()

MPRA Paper from University Library of Munich, Germany

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.

Keywords: home equity withdrawal; U.S government debt restrictions; quantitative easing home equity. (search for similar items in EconPapers)
JEL-codes: E21 E22 E24 E27 E31 E5 E51 G18 (search for similar items in EconPapers)
Date: 2022-10-21
New Economics Papers: this item is included in nep-age
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:115113

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