... "The reason, I believe, the effects are smaller for financial wealth than for housing wealth is that people tend to view those changes in housing wealth as more permanent,"Gary Painter, director of research at the USC Lusk Center and one of the study's three authors, said in an interview. "Consumption will be impacted by the decline in housing wealth for a while."...
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- U.S. Growth Will Be Hurt More by Homes Than Stocks, Study Says