Joe Sixpack’s Situation: 4Q2012 View Is a Little Better
A Federal Reserve data release (Z.1 Flow of Funds) for 4Q2012 provides insight into the finances of the average household – and our beloved “Joe Sixpack”. Our modeled “Joe Sixpack” – who owns a house and has a job, and essentially no other asset.
You may ask why this analysis is important? It looks at the financial health of the average consumer – and in a consumption based economy, it measures the dynamics effecting the consumer.
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