This is definitely a 2 track economy. A few are doing extremely well while the vast majority are suffering.
Pre-boomers and boomers, holding onto their savings and assets.
At least that amount in gov’t debt. The US is broke.
A little more than the Fed printed and the Government borrowed.
Better than I’d expect.
The stock market wealth is an illusion. VASTLY overinflated value.
Paper wealth in stock and real estate thats been inflated by massive money printing
The number is meaningless, what it can aquire is what counts.
I wish I had seen that, considering the value of my property took another dive in value........
this is reportedly this first Obie had heard of this..and rumor has it that hes planning to use his Pen and Phone to confiscate the vast majority of same.
Report: http://www.federalreserve.gov/releases/z1/current/z1.pdf
It’s actually “Household AND non profit organizations”. Don’t know what difference that makes, probably a lot.
LOL!What a joke!Everyone has been slammed and Reuters is doing dirty deeds for someone.
Bubble economy.
Don’t tell o. He’ll borrow against it. Oh wait, the left has already done that. Unfunded liabilities $128 billion.
Well, no one asked me. They would have gotten a decidedly different response. I’m broke.
I know it's anecdotal but I live in one of the most prosperous areas of the country and just got my real estate assessment. It went down.
In other news, a boxcar of Monopoly money derailed shortly after leaving the Fed as it headed for the NY stock exchange.
According to CNN ANALysts, this could “derail” the blossoming Obama recovery. Fortunately, it wouldn’t be Obama’s fault that Bush didn’t maintain the railroads.
6 mar WSJ:
The median net worth of American adults is now one of the lowest among developed nations—less than $45,000, according to the Credit Suisse CSGN.VX +1.32% Global Wealth Databook. That compares with approximately $220,000 in Australia, $142,000 in France and $54,000 in Greece. Almost a third of American adults have a net worth of less than $10,000