Table showing the marginal propensity to consume by income and wealth group during a recession, where households living paycheck to paycheck spend $52 out of every $100 in additional income, while households with the most built-up wealth spend only $5 out of every $100 in additional income.
Estimates are based on the Carroll et al. “Recession” model. Here, “households living paycheck to paycheck” and “households with the most built-up wealth” refer, respectively, to households with the lowest and highest ratio of net worth to income.