[West Coast Conservative]

Bush's fault.

[American Quilter]

Capitalism strikes again!

[Sam the Sham]

Then again, you can't spend your home price, now can you ? And home equity loans is just setting yourself up for a fall if there is a "correction".

[Lekker 1]

...since Herbert Hoover

[quantfive]

I don't accept surface reports like this. We in New England are all going in the poor house between the price of heating oil, gas and real-estate. My $70k income in NH used to be considered upper middle class, now my income pays the bills and mortgage only and I consider myself conservative on credit card usage and such.

[Southack]

$48.5 Trillion averages out at $161,767 of net worth above debt per American (valid for all ages). That's every man, woman, and child in America; on average, *each* has $161,767 more in assets and cash than is owed in debt.

No nation in history has ever before spread this much prosperity to this many people.

[ThinkDifferent]

In its quarterly "Flow of Funds" report, the central bank said household balance sheet values rose to $48.53 trillion in the fourth quarter, up from $46.59 trillion in the third quarter.

Which IIRC is just slightly more than the unfunded obligations of Social Security and Medicare.

[TChris]

Wow. And if all this wealth came at the expense of the poor, those poor must have been pretty wealthy! ;-)

[QQQQQ]

The Democrats are deeply saddened.

[marblehead17]

ping

[DannyTN]

$48.53 trillion divided by 480 million US citizens = $121,325 per person.