The 1 percent has about 43 percent of all the non housing wealth, which has held up comparatively better.
而最富有1%的财富中则有43%为非房地产资产，这可以保证了他们资产缩水更少。
Household spending has shown signs of stabilizing but remains constrained by ongoing job losses, lower housing wealth, and tight credit.
家庭支出已显露趋稳迹象，但持续不断的失业、房产价值的下降和信贷紧张等因素仍对其形成打压。
In another study, Mr Slacalek finds that in industrial countries, the effect of a change in housing wealth on spending has risen in the past 15 years.
斯拉·卡勒的另一项研究发现工业国家中的房产财富对消费支出的影响已在过去持续增长了15年。
Now that America's housing boom is ending, the worry is that the Fed is less able to stimulate the spending that comes with rising housing wealth.
如今美国房屋市场的繁荣已告一段落，令人担忧的是联邦储备局已缺乏刺激消费和房屋价格的能力了。
Household spending is increasing gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit.
居民消费正逐渐上涨，但仍旧受到高失业率、经济增长温和、房产价格下滑以及信贷收紧限制。
Optimists, Mr Bernanke among them, argue that the links between housing wealth and spending are much the same as for any other type of wealth, such as shares.
伯南克和其他持乐观态度的人认为，房产财富和其他形式的财富(如股票)没有差别，它们和消费之间有着相同的关系。
The bigger question is what effect double-digit house-price declines would have in a country where consumer debts have soared on the back of housing wealth.
一个很大的问题是，由于房价增长而大大增加了这个国家消费者的债务负担，可是当房价下降百分之十以上时会产生什么样的影响。
This paper shows that the wealth effect of residents fiance and housing assets exists, the finance wealth effect is bigger than that housing wealth effect.
分析表明，居民金融资产和住房资产财富效应存在，金融资产财富效应超过住房资产财富效应。
Household spending is expanding at a moderate rate but remains constrained by a weak labor market, modest income growth, lower housing wealth, and tight credit.
家庭消费也同时在稳定的升高，但是较弱的就业市场，收入的增长的平滑，相对较低的房屋财富和仍然比较紧缺的信用市场等仍然是消费上升的阻力。
Mr. Bernanke cited “the depth and sophistication of the country’s financial markets (which, among other things, have allowed households easy access to housing wealth).”
伯南克引用了“国家金融市场的深度和复杂程度（其中，使得家庭很容易获得房屋资产）”来作为解释。
The Federal Reserve, for example, USES a model of the economy in which housing wealth influences consumer spending to exactly the same degree that financial wealth does.
例如，在美联储采用的一种经济模型中，房产财富对消费者花销的影响同金融财富带来的影响程度完全相同。
However, the latest research suggests that, in America at least, housing wealth has a bigger influence on consumption than financial assets, and the effect is increasing.
不过最近的研究表明，至少美国的房产财富效应对消费的影响要远大于金融资产的影响，而且效用还在增强。
But they are unlikely to shrug off a 10% plunge within one year, particularly since America's homeowners have become used to their housing wealth rising by well over 5% a year.
但如果在一年里房价下跌10%的话，他们就可能坐不住了，特别是因为美国的房主已经习惯了每年他们的房产有超过5%增值。
When they do retire, more workers should exploit their housing wealth, either via a reverse mortgage (trading equity in their home for an income) or by moving to a smaller place.
等到他们真正退休时，有较多的人需要动用他们的房产，要么进行反向抵押贷款（抵押房子获取收入）要么就换小一点的房子。
The OECD has also launched its Better Life Index, where users can go online to compare countries across a range of indicators from wealth and crime to housing and inequality.
经合组织也推出了更好的生活指数，用户可以在网上比较各国在各种指标，范围从财富和犯罪到住房和不平等。
For instance, he Yuzhang says peers in his hometown are prone to equate happiness with material wealth such as housing, but care little about a new book or theater play.
比如，何玉璋说他的家乡的同辈人更倾向于将幸福与物质财富(比如房产)等同起来，而不太在乎一本新书或戏剧。
Empirically, economists have long had trouble pinning down the wealth effect from housing.
从经验上看，经济学家们一直以来都难以说清楚房产财富效应。
Whether this caution is caused by the continuing fears of debt or by the realization of lost wealth in the housing market, the result is the same: Americans aren't spending as much as usual.
不管这种现象是由于对债务的持续恐惧还是由于在住房市场的损失实现，结果都是一样的：美国人开始不再毛手毛脚地花钱。
The theory behind the wealth effect runs as follows. Housing is one of the main assets in which people hold their wealth.
财富效应背后的理论运行如下：房产是人们持有其财富的主要资产。
Subprime loans, which offered lower-income Americans a rare chance to accumulate wealth, ended up inflating the housing bubble and leaving these same people with debts they couldn't pay.
次级抵押贷款本来为低收入美国人提供了一个千载难逢的赚钱机会，最后却引发了房地产泡沫，让这些人债务累累。
Only the production of new housing (and repairs and upgrades of existing housing) by workers creates new wealth.
只有让工人建造新一批的房子（以及修缮提升现存房子的质量）才能够创造新的财富。
But some recent studies suggest the "wealth effect" from housing may eventually be more than double that.
但最近的一些研究提出房地产市场的“财富效应”最终可能比上述的两倍还要多。
And that reduced housing prices have a real impact on peoples' personal wealth.
而且，房价降低直接影响到人们的个人财富。
He had made a fortune building housing in suburban Milan for newly prosperous buyers, then parlayed that wealth into a new life as a business media tycoon.
他通过向新兴购买者售卖米兰郊区的在建房狠赚了一笔，然后又将这笔钱财投入一家商业媒体大鳄寻求增值。
Falling housing and stock prices have undermined household wealth.
下降的房屋和股市已经破坏了家庭财富。
In this paper we studied the wealth effects of the households' stock assets and housing assets in china through ECM model.
通过建立ECM模型，研究了中国居民证券资产和住房资产的财富效应。
In this paper we studied the wealth effects of the households' stock assets and housing assets in china through ECM model.
通过建立ECM模型，研究了中国居民证券资产和住房资产的财富效应。
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