Who? Whom?

As far as I know, the accounts for the household sector are derived residually, though in advanced economies the penetration of data gathering may be more.  For instance, credit card companies, amongst themselves, have a lot of data on household purchases, creditworthiness (permanent income), and life insurance companies have their data.  We could credibly imagine, between the tax return, the credit card, the bank account, the insurance company, building up a pretty good account of the household finances.  That would be the income or profit and loss statement.  Then all we need is a balance sheet.  There, there are a few stock (pun intended) items.  Residence, car, piano, etc.  There you are-a household balance sheet.


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