Please sheck out the site before you hit the reply button. Detailed graphs and statistics are posted on it answering most of your questions. Household net worth is $ 51 billion? Does that assume real estate values stay at inflated values? U.S. saving rate is negative. Does net worth include the value of automobiles? Used or new? Made in the U.S. or Japan or Germany? What happens when real estate falls an average of 20% nationally? 30%? 38%? 40%? Household net worth in reality may be only $ 35 trillion. Wow! Can you multiply negative numbers?
I checked out the site. The word asset isn't there.
U.S. saving rate is negative.
The savings rate doesn't include IRA or 401k contributions. It doesn't include capital gains. It does subtract capital gain tax payments. Seem a bit incomplete to say the least.
Does net worth include the value of automobiles? Used or new? Made in the U.S. or Japan or Germany?
Yes, part of consumer durable goods. Page 110 of 124
What happens when real estate falls an average of 20% nationally? 30%? 38%? 40%?
Please ping me when that happens. LOL!!
Household net worth in reality may be only $ 35 trillion.
Reality? That's funny considering the sites you link to. I'm still waiting for your answer. What are America's total assets?