Re: Estimating the surplus\Doug's question

[Doug Henwood <dhenwood@xxxxxxxxx>]

joanna bujes wrote:

> Are there other numbers to tell us how much of this is comsumption to
> physically survive?

There was a Fed study published in 2001
<http://www.federalreserve.gov/pubs/feds/2001/200121/200121abs.html>
that argued that it was mostly driven by the upper quintile of the
distribution, flush from stock market gains (either financially or
psychologically).

Doug