Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

U.S. household wealth above $80 trillion (record); boosted by stocks, housing
Yahoo Finance ^

Posted on 03/06/2014 3:52:47 PM PST by Red in Blue PA

WASHINGTON (Reuters) - U.S. household net worth jumped to a new high at the end of last year, as the value of real estate and shareholdings rose and bank accounts swelled.

The Federal Reserve said on Thursday net worth increased $2.95 trillion to $80.66 trillion in the fourth quarter, eclipsing a previous record high.

The value of households' property, consumer goods, bank deposits and stocks all increased in the quarter.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: News/Current Events
KEYWORDS:
Navigation: use the links below to view more comments.
first 1-2021-40 next last

1 posted on 03/06/2014 3:52:47 PM PST by Red in Blue PA
[ Post Reply | Private Reply | View Replies]

To: Red in Blue PA

This is definitely a 2 track economy. A few are doing extremely well while the vast majority are suffering.


2 posted on 03/06/2014 3:53:23 PM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

Pre-boomers and boomers, holding onto their savings and assets.


3 posted on 03/06/2014 3:54:33 PM PST by lurk
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

At least that amount in gov’t debt. The US is broke.


4 posted on 03/06/2014 3:57:59 PM PST by VRWC For Truth (Roberts has perverted the Constitution)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

A little more than the Fed printed and the Government borrowed.

Better than I’d expect.


5 posted on 03/06/2014 4:00:40 PM PST by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lurk

2008 showed us that stock holdings and housing holdings could be halved in no time flat.

So a record number such as $80T could easily be $40T in a few weeks given the proper circumstances.


6 posted on 03/06/2014 4:01:16 PM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Red in Blue PA

The stock market wealth is an illusion. VASTLY overinflated value.


7 posted on 03/06/2014 4:01:23 PM PST by Bryan24 (When in doubt, move to the right..........)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

Paper wealth in stock and real estate thats been inflated by massive money printing


8 posted on 03/06/2014 4:02:37 PM PST by 4rcane
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

The number is meaningless, what it can aquire is what counts.


9 posted on 03/06/2014 4:03:47 PM PST by Axenolith (Government blows, and that which governs least, blows least...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA
....as the value of real estate and shareholdings rose and bank accounts swelled.

I wish I had seen that, considering the value of my property took another dive in value........

10 posted on 03/06/2014 4:04:59 PM PST by Gabz (Democrats for Voldemort.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

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.


11 posted on 03/06/2014 4:11:34 PM PST by MeshugeMikey (Jesus came to Save not Entertain / Ground John Kerry Now!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

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.


12 posted on 03/06/2014 4:19:00 PM PST by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mrsmith

That number seemed awfully high; it it includes NFP’s then that would explain alot.


13 posted on 03/06/2014 4:21:06 PM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Red in Blue PA; Bryan24

Congratulations America! You are really rich! on paper that is......

Allllllllriggggghhhhhh!! Wooo Hoooo!!!!!!

Hey......what the???????


14 posted on 03/06/2014 4:22:04 PM PST by SkyPilot
[ Post Reply | Private Reply | To 6 | View Replies]

To: Red in Blue PA

LOL!What a joke!Everyone has been slammed and Reuters is doing dirty deeds for someone.


15 posted on 03/06/2014 4:27:08 PM PST by plainshame
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

I agree. It definitely seems the rich are getting richer and the poor are getting poorer. And the middle class is disappearing.

I don’t understand where people are getting the money to go to Beyonce concerts and football games. I can’t even afford to go to a college game.


16 posted on 03/06/2014 4:30:12 PM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
[ Post Reply | Private Reply | To 2 | View Replies]

To: Red in Blue PA

Bubble economy.


17 posted on 03/06/2014 4:31:49 PM PST by VRW Conspirator ( 2+2 = V)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lurk

it’s amazing how many inches you can squeeze into a foot when you shrink the inch

IOW, the dollar is shrinking driving everything measured in dollars up.

this is not due to a strong economy but an accounting trick. it would be due to a strong economy if gold were down and the value of things were up


18 posted on 03/06/2014 4:33:10 PM PST by sten (fighting tyranny never goes out of style)
[ Post Reply | Private Reply | To 3 | View Replies]

To: VerySadAmerican

*psssst*

your DU is showing


19 posted on 03/06/2014 4:36:27 PM PST by sten (fighting tyranny never goes out of style)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Red in Blue PA

Don’t tell o. He’ll borrow against it. Oh wait, the left has already done that. Unfunded liabilities $128 billion.


20 posted on 03/06/2014 4:42:42 PM PST by Linda Frances (Woe to those who call evil good and good evil, who put darkness for light and light for darkness.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-40 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson