Yeah, that's what I wanted to check too...
OK, pretty much as expected. Including inflation + pop. growth shows we were better off before the 110th congress took over.
U.S. Household Wealth Hits Fresh Record
Consumer Borrowing Climbs at Fastest Pace Since the First Quarter of 2008
By Neil Shah - Sept. 18, 2014 12:00 p.m. ET
Americans’ wealth hit the highest level ever in the second quarter amid a rise in stock and home prices, prompting consumers to ramp up their borrowing—a development that could boost the economic recovery.
The net worth of U.S. households and nonprofit organizations—the value of homes, stocks and other assets minus debts and other liabilities—rose 1.7%, or about $1.4 trillion, between April and June to $81.5 trillion, the highest on record, according to a report by the Federal Reserve released Thursday.
The figures aren’t adjusted for inflation or population growth. Much of the nation’s rising wealth also goes disproportionately to the wealthy, who tend to own stocks and save their money, reducing the benefits to the overall economy.
“The net worth of U.S. households and nonprofit organizations”
Be interesting to see that breakdown.
Yeah, that's what I wanted to check too...
OK, pretty much as expected. Including inflation + pop. growth shows we were better off before the 110th congress took over.