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A U.S. home equity withdrawal scheme

Author

Listed:
  • De Koning, Kees

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.

Suggested Citation

  • De Koning, Kees, 2022. "A U.S. home equity withdrawal scheme," MPRA Paper 115113, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:115113
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    File URL: https://mpra.ub.uni-muenchen.de/115113/1/MPRA_paper_115113.pdf
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    More about this item

    Keywords

    home equity withdrawal; U.S government debt restrictions; quantitative easing home equity.;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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