Posted on 09/20/2018 11:32:36 AM PDT by Red Badger
The total net worth of U.S. households rose to nearly $107 trillion during the second quarter of 2018, as higher property and stock prices boosted Americans’ wealth.
The increase on the quarter was 2.1% or $2.191 trillion, bringing household net worth to $106.929 trillion, according to data the Federal Reserve released Thursday. That was a larger gain than the revised $1.303 trillion advance in the first quarter.
Household wealth in the stock market increased by about $848.3 billion in the quarter, reflecting higher equity valuations.
(Excerpt) Read more at wsj.com ...
I work PT for Big Brown loading airplanes and trucks. Our volume is up 65% and hours worked up 65% since the Obama days of 2009. People are buying more stuff online. It is crazy good.
Just wait till Christmas buying kicks in!..........................
XD
“:^)
Great
Half of this wealth belongs to those over 65.
My muscles are sore just working during “slow” season. Wait till peak Christmas season. Problem is, it will hard to find temp workers for peak. Employment is nearly 100%. Lay-abouts are the only ones sitting home watching TV and playing video games all day. If they come in and work. They will quit withen a few days because this real work. Mike Rowe calls work like this a “dirty job”.
$107,000,000,000,000 / 134,000,000 = $14,000,000
$14 million per household? How does that work?
oops, too many zeros in trillion.
Somebody owes me $13,900,000..................
LOL, I think it’s closer to $80,000 per household if I finally did this right. These huge numbers are making me light headed.
Still, $80k per household seems a bit high.
$80K, That seem more closer...................
'Tis the biggest reason why I voted for Pres. Trump.
All that money, sitting there in retirement plans, ripe for the taking. A greedy, grasping @#@## like Hillary wouldn't be able to resist. She'd have looted the country, with the rest of the establishment cheering her on.
Still think that Dems will take a swing at it, if they're put back in charge. I'm hoping that Conservatives have 6-14 more years for Boomers to spend down their inheritance, and hopefully make that pot of gold a little less enticing. We'll see.
Well, figuring assets... equity in a house, a car or two, various bank and retirement accounts...
Wonder if this number takes debt into consideration? Assets - Debts would be a substantially smaller number, I think.
looks like the right number of zeros in a trillion to me. But 107,000,000,000,000 divided by 134,000,000 is actually 798,507 and change.
Promoted + raise =
$3735 in extra money.
Thank GOD for Trump!
Praise the LORD!
That’s wonderful, now the Rats can institute a 20% Wealth Tax on the Assets of every American and we can wipe out the National Debt. LOL
Thanks. I finally got that result as well. I was trying to use the Windows calculator and getting funny results. So, $800k per household. Really? I thought we were all broke and in debt up to our eyeballs. :)
My household income is a bit less then $107 trillion.
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