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American households now have a total net worth of $83 trillion, but most families are still behind where they were in 2007. Americans’ total wealth has reached a record. According to a Federal Reserve report released Thursday, the net worth of U.S. households and nonprofit organizations rose to $82.9 trillion at the end of 2014. Much of that growth was driven by stocks, which grew in value by $742 billion during the final quarter of last year. The value of residential real estate also rose by $356 billion. However, these aggregate numbers from the Fed provide only a partial view...

          Average U.S.      Household Wealth             Real Estate $186,702     Durables $44,374     Deposits $81,497     Stocks/Business $422,126     Bonds $27,139     Misc. $7,598       ____________     Total Assets $769,435             Debts -$113,397       _____________     Net Worth $656,039           Something that snuck by me (and most people) last month was the Fed's quarterly Flow of Funds Report --their bigass number-dump that says where all America's money has...

The Fed released the Q1 2009 Flow of Funds report today: Flow of Funds. According the Fed, household net worth is now off $14 Trillion from the peak in 2007. Click on graph for larger image in new window. This is the Households and Nonprofit Net Worth as a percent of GDP. This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc) net of liabilities (mostly mortgages). Note that this does NOT include public debt obligations. This ratio was relatively stable for almost 50 years, and then ... bubbles! Household percent equity was at an all time...