Si se hubiera aceptado nuestra recomendación, los accionistas y los acreedores (gente con mayor propensión al ahorro) hubieran tenido pérdidas mayores, mientras que las familias de ingresos bajos y medios (gente con mayor propensión al consumo) hubieran tenido una reducción de sus deudas hipotecarias.
Had our policy recommendation been adopted, stockholders and debt holders (who have a higher propensity to save) would have experienced greater losses than they did, whereas lower- and middle-income households (which have a higher propensity to consume) would have experienced relief from their mortgage debt.