A Menu of Financial Assets

Table 25-8 shows the major financial assets of house holds are monetary pajamas by one .party against another party. These consist primarily of Lollard-Kristina«I aunts (whose payments are fixed in dollar terms) and quilts (whose values are set by the market). Here are the major kinds of assets:

Note that these financial assets’ exclude the single most important a–ts owned by most people-their houses, which are tangible as opposed £0 financial assets. In addition, people have implicit assets in their future social security payments and government provided medical care, but these have no ready market value.

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