Money talks : Finances des ménages : mettre l'accent sur la richesse

In the following text, we begin by examining the outcomes of household wealth accumulation; this is done through assessing the aggregate levels of wealth, quality of the household wealth position and the role of specific components of wealth in the overall wealth accumulation. [...] As such, it is more common to examine the At the end of 2012, distribution of household wealth emphasising the disparities in its allocation wealth of an average rather than assessing the outcome of wealth accumulation expressed as the level of wealth itself. [...] Overall, the dynamic of household wealth has experienced three distinct types of growth over the past two decades: (i) periods of strong, steady and prolonged accumulation of wealth – those occurred from 1991 to the beginning of 2000, and from 2003 to the beginning of 2008; (ii) periods of substantial retrenchment in the value of wealth – those were experienced 6. For the purpose of the analysis p [...] The two periods of retrenchment in the value of wealth were likewise noticeably different: the early 2000s saw a prolonged and slow erosion of the household wealth position while the 2008 recession resulted in an abrupt and deep decline in the value of household wealth (bottom chart of Figure 1). [...] The accumulation of household wealth primarily takes place during periods of expansionary growth.8 However, certain parts of the expansionary growth may be considered as ‘lost’ for wealth accumulation; that primarily happens in the aftermath of a retrenchment in the value of wealth when the household wealth position remains below the levels observed prior to wealth decline.