What does household wealth refer to ?
Ответы
Ответ:
Household wealth refers to the total value of assets owned by individuals or households. It represents the accumulated value of assets such as savings, investments, real estate properties, financial holdings, retirement accounts, and other tangible and intangible assets. Household wealth is a measure of the financial resources and net worth of a household.
It includes both financial assets (such as bank accounts, stocks, bonds, and pensions) and non-financial assets (such as real estate, vehicles, and personal possessions). Household wealth is calculated by subtracting total liabilities (such as mortgages, loans, and credit card debt) from total assets.
Household wealth is an important indicator of economic well-being and financial stability. It can impact an individual's or a household's ability to meet their financial goals, invest in education, start businesses, and maintain a certain standard of living. Changes in household wealth can also influence consumer spending patterns and overall economic growth.
Ответ:
household wealth refers to total value of assets owned by individuals
Объяснение: