Household wealth in the U.S. climbs to a record

[Chris]

Up $20 trillion dollars since 2009...

Household wealth in the U.S. increased from October through December, as gains in stock portfolios and home prices boosted Americans’ finances.

Net worth for households and non-profit groups rose by $2.95 trillion in the fourth quarter, or 3.8 percent from the previous three months, to a record $80.7 trillion, the Federal Reserve said today from Washington in its financial accounts report, previously known as the flow of funds survey.

More jobs, higher stock prices and improved home values have all helped consumers clean up their balance sheets in the years following the biggest recession since the Great Depression. Additional gains in the labor market and household wealth will be needed to give consumers the means to spend on goods and services, boosting economic growth.

Household Worth in U.S. Climbs by $2.95 Trillion to Record - Bloomberg

 

[rdean]

Up $20 trillion dollars since 2009...

Household wealth in the U.S. increased from October through December, as gains in stock portfolios and home prices boosted Americans’ finances.

Net worth for households and non-profit groups rose by $2.95 trillion in the fourth quarter, or 3.8 percent from the previous three months, to a record $80.7 trillion, the Federal Reserve said today from Washington in its financial accounts report, previously known as the flow of funds survey.

More jobs, higher stock prices and improved home values have all helped consumers clean up their balance sheets in the years following the biggest recession since the Great Depression. Additional gains in the labor market and household wealth will be needed to give consumers the means to spend on goods and services, boosting economic growth.

Household Worth in U.S. Climbs by $2.95 Trillion to Record - Bloomberg

Good news.
I was just reading about that.

Household net worth was $11.8 trillion greater than its pre-recession peak of $68.8 trillion reached in the second quarter of 2007. It was $77.7 trillion in the three months ended September.

The Standard & Poor’s 500 Index climbed 9.9 percent from Sept. 30 to Dec. 31, capping the best yearly gain since 1997.

------------------------------

Since 1997. And right wingers keep saying how much good the disastrous deficit creating Bush Tax Cuts did. Only they didn't.

Of course the right wing will give no credit to Obama.

 

[LordBrownTrout]

 

[rightwinger]

$20 trillion dollars? That is alot of money

How much did our wealth increase under the Republicans?

 

[OKTexas]

OH BOY! More imaginary wealth concentrated in two more bubbles. Looks great on paper, right until the pop. The pop will come.

 

[Listening]

So, what is Chris, "the loser" saying ?

The minimum wage bullcrap argument is just that....?

Or do we have Obama helping to fatten up the 1%ers ?

Which is it ?

 

[Listening]

$20 trillion dollars? That is alot of money

How much did our wealth increase under the Republicans?

You hate wealth if it isn't in your hands.

Is it ?

If so, why are you and Billy00000.000000 still whining about minimum wage, health care and the 1% ?

 

[buckeye45_73]

Well I guess we don't need min wage, thanks Chris for making that argument for me!

 

[ClosedCaption]

OH BOY! More imaginary wealth concentrated in two more bubbles. Looks great on paper, right until the pop. The pop will come.

Even when its good the right sees bad on the way...they swear...Pessimistic bunch they are arent they

 

[jasonnfree]

Up $20 trillion dollars since 2009...

Household wealth in the U.S. increased from October through December, as gains in stock portfolios and home prices boosted Americans’ finances.

Net worth for households and non-profit groups rose by $2.95 trillion in the fourth quarter, or 3.8 percent from the previous three months, to a record $80.7 trillion, the Federal Reserve said today from Washington in its financial accounts report, previously known as the flow of funds survey.

More jobs, higher stock prices and improved home values have all helped consumers clean up their balance sheets in the years following the biggest recession since the Great Depression. Additional gains in the labor market and household wealth will be needed to give consumers the means to spend on goods and services, boosting economic growth.

Household Worth in U.S. Climbs by $2.95 Trillion to Record - Bloomberg

Not bad considering Obama has been trying to destroy the country for five years according to republicans. Maybe they're wrong?

 

[Harry Dresden]

$20 trillion dollars? That is alot of money

How much did our wealth increase under the Republicans?

RW....ill ask you this because Dean and Chris are well lets just say....they are kinda brainwashed .....your not there yet.....there are threads here by Democrats/Liberals saying everyone is getting poorer,from the middle class on down.....how can people be getting poorer and richer at the same time?...just askin.....

 

[ClosedCaption]

Maybe Socialism works?

 

[Chris]

The stimulus worked.

 

[Chris]

$20 trillion dollars? That is alot of money

How much did our wealth increase under the Republicans?

RW....ill ask you this because Dean and Chris are well lets just say....they are kinda brainwashed .....your not there yet.....there are threads here by Democrats/Liberals saying everyone is getting poorer,from the middle class on down.....how can people be getting poorer and richer at the same time?...just askin.....

Because wages and wealth are two different things.

The system is step up to reward ownership, not work.

 

[driveby]

More proof liberals are a bunch of lying, self contradicting, blowhard faggots. Nothing to see here............

 

[buckeye45_73]

Lol, chris and closed are hilarious.


if the stimulus worked, lets keep doing it.........some people are retarded

 

[Spiderman]

What wealth of average people increased?

That's impossible because all those rich guys are stealing money from regular people.

 

[TakeAStepBack]

The federal reserve, the one who created the conditions for stock portfolios and home prices to increase, hold on their balance sheet now after accumulating trilliions in QE, the difference between a long term growth pattern assocaited with savings and sound money and the inevitable collapse of the bubble they pumped back up after they poopped it 5 years ago. You have roughly two years to gloat before the next inevitable and far deeper downturn occurs and we play 52 pick up again.

It's like you people haven't been paying atatntion since the last time it happened and cheer for the SAME shit that blew up in our faces beofre.

the big question is, will liberals ever decide it's time to learn about economics? Or will they continue to live the fantasy regarding it? So far, I do not see anyone wising the fuck up. So it's safe to say your cheering now will be your crying later.

 

[Zander]

$20 trillion dollars? That is alot of money

How much did our wealth increase under the Republicans?

RW....ill ask you this because Dean and Chris are well lets just say....they are kinda brainwashed .....your not there yet.....there are threads here by Democrats/Liberals saying everyone is getting poorer,from the middle class on down.....how can people be getting poorer and richer at the same time?...just askin.....

It's called cognitive dissonance.

 

[Edgetho]

$20 trillion dollars? That is alot of money

How much did our wealth increase under the Republicans?

RW....ill ask you this because Dean and Chris are well lets just say....they are kinda brainwashed .....your not there yet.....there are threads here by Democrats/Liberals saying everyone is getting poorer,from the middle class on down.....how can people be getting poorer and richer at the same time?...just askin.....

It's called cognitive dissonance.

Is that like lying?