Net worth of U.S. households skyrockets

Yahoo News ^ | 03/08/2007 | JEANNINE AVERSA

[pogo101]

Thank you, Nancy!

/sarc

[martin_fierro]

Aw hell yeah.

[street_lawyer]

It's all Bush's fault

[Zuben Elgenubi]

Those Chinese are good investors.

Why doesn't the article state the average values per household? These data would be more valuable if the article stated, "The average household net worth is $105,000 up 5% from last year's $100,000

[Toddsterpatriot]

Net worth — the difference between households' total assets, such as houses and bank accounts, and their total liabilities

You mean we should add assets and liabilities to get net worth? Don't tell Willie Green.

[SomeoneNeedsToSayIt]

If you listened to the media at the end of last year you would have thought the end of the world was near.

Rock on America!

[Moonman62]

We're doomed.

[mtbopfuyn]

Another poll where I wasn't consulted. Oh, well.

[Mase]

All that consumer debt and the negative savings rate is sure killing us. LOL!

Buy more gold!

[SaxxonWoods]

Not sure if it was January or February issue of Money Magazine, but check both for some very good stats on household net worth, by age category.

[Southack]

Good point. The article should have made the point that household net wealth in the U.S. is at an eye-popping, never-seen-in-world-history level of over $500,000 each.

That's American homes, private businesses, personal stocks, bonds, savings, checking, et al minus all debt...and the American **average** household is half a million Dollars ahead.

Nation of millionaires. 300,000,000 people strong.

[johnandrhonda]

Median net worth of American families in year 2000 was $55,000. Source: http://www.census.gov/prod/2003pubs/p70-88.pdf

If it has been growing at a compounded rate of 4% per year, it would be close to $70,000 in 2006.

[billhilly]

"he difference between households' total assets, such as houses and bank accounts, and their total liabilities"

Did you miss the "difference" word?

[Mark]

I think that I should give my "Man Servant" a raise. I'm sure John Kerry will too.

[1rudeboy]

Net worth of U.S. households skyrockets - FR paleos hardest hit

[billhilly]

"Nation of millionaires. 300,000,000 people strong."

A million dollars used to be a lot of money. It has shrunk enormously, yet people continue to use it as a benchmark of wealth. Today a millionaire is still someone who has a lot of work left to keep his head above water.

[Toddsterpatriot]

Did you miss the "difference" word?

No, did you?

[Toddsterpatriot]

More proof that Pat was right. Lock and load!

[1rudeboy]

A million dollars is still a hell of a lot of money to those that are financially-responsible. If you don't think so, then spare me a couple.