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Household net worth as a share of income is approaching all-time highs in the U.S., Japan, and Australia, according to Gunjan Banerji. The observation is based on an analysis attributed to Goldman.
Banerji highlights the strong position of households in these major economies, with elevated asset values compared to incomes.
Banerji has previously reported that Apollo’s John Zito questions the accuracy of private-equity valuations. She has also noted that current private credit difficulties are not expected to trigger a crisis on the scale of 2007–09. The recent analysis follows her ongoing coverage of asset pricing and credit market risks.