Posted on 12/06/2012 5:44:58 PM PST by ExxonPatrolUs
According to the Fed, household net worth increased in Q3 compared to Q2 2011. Net worth peaked at $67.3 trillion in Q3 2007, and then net worth fell to $51.2 trillion in Q1 2009 (a loss of $16.1 trillion). Household net worth was at $64.8 trillion in Q3 2012 (up $13.6 trillion from the trough, but still down $2.5 trillion from the peak).
The Fed estimated that the value of household real estate increased $301 billion to $17.2 trillion in Q3 2012. The value of household real estate is still $5.5 trillion below the peak.
(Excerpt) Read more at calculatedriskblog.com ...
yeah through inflation and excessive printing of the dollar and see what you get...we are moving backwards
Foreclosure will drop your liabilities pretty darned quick.
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