Economic impact of the 1982 "bull market": a staff study
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$600 per person 12 percent 1982 BULL MARKET 30 percent American households asset holdings assets of private assets supporting private behavior of common common stock holdings common stock prices consumption and saving current income decline deliquiﬁcation direct infusion Dow Jones ECONOMIC IMPACT Federal Reserve System ﬁnancial fraction of current Gallaway GOVERNMENT PENSION FUNDS Gross National Product hold net worth household asset portfolio HOUSEHOLD LIQUIDITY household net worth household net worth-Gross household wealth income class increase in wealth inﬂuence infusion of wealth interest rates Internal Revenue Service Joint Economic Committee level of household Liquid household Maryland percent increase percent rise price inﬂation private and public public pension funds public retirement ratio of household relatively liquid wealth reliquiﬁcation REUSS rise in stock SENATE ROGER shows that household signiﬁcant sion systems SUBCOMMITTEE ON MONETARY substantial Table tional Product VALUE OF STOCKS wealth effect wealth gains wealth holdings Wisconsin worth-Gross National Product York Stock Exchange