Household Net Worth vs. Personal Consumption Expenditures

Click to enlarge.

I'd love to ask a permabull what will be driving personal consumption expenditures exponentially higher from here. This chart would imply that it is important if we expect household net worth to grow.

Inflation? More debt? An ever dwindling supply of Americans not on food stamps?

Seriously, what is it?

This post inspired by Rob Dawg's comment found here.

Source Data:
St. Louis Fed: Custom Chart