Spend It If You Have It!

Broken record time but, hey, what can you do, right? The knock-on effects from 2023's recovery in household wealth will likely manifest in consumer spending across the world's largest economy this year, particularly in the event stocks rise in line with Wall Street's forecasts and home prices manage to post a respectable gain. That's according to... well, to common sense, but also to Goldman's Elsie Peng who, in a new piece, noted that total household net worth as a share of disposable income