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

[The T]

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

What happened to the "Zero Sum Game" You and your idiot travelers keep thinking exists as Obama and the Statists choke off GROWTH?

20 Trillion? Really?

 

[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

What happened to the "Zero Sum Game" You and your idiot travelers keep thinking exists as Obama and the Statists choke off GROWTH?

20 Trillion? Really?

Actually it's more than $20 trillion....

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

 

[kiwiman127]

Americans net worth is up $20 trillion dollars since 2009.
America will be energy independent by 2030.
Unemployment has dropped from 10.2% to 6.7%
The stock market has more than doubled since the stimulus.
14 million private sector jobs have been created since 2009.
GDP has been growing since 2009.
Auto sales are up. Retail sales are up. Home sales are up.
Bin Laden is dead, and GM is alive.

Obama has done a very good job.

I think Chris is unaware that the wage earners of America are at a record low in regards to their share of the National Income. Or that there are still three applicants for every job. How about around three quarters of the middle class live check-to-check.
Yep, life is good. Or is it?

 

[Erand7899]

The Consequences of Conservatism | Center for American Progress

Wealth destruction probably doesn’t adequately capture what happened in the early stages of the crisis. Wealth was vaporized at a breathtaking, eye-popping speed. American families lost a total of $19.4 trillion (in 2010 dollars) in household wealth from June 2007 to March 2009, when the stimulus started to take hold. First it was the housing market, and then it was the housing and the stock market together that tanked. American families lost $6.4 trillion in home value during this period.

Damn.....American families LOST $19.4 trillion under Bush and GAINED $20 trillion under Obama

Why would anyone want to vote for Republicans?

Anyone with an ounce of common sense and a basic knowledge of economics would always vote for Republicans. People who know that the stimulus never took hold, and was never intended to take hold. It was used to pay off the campaign shills and other friends of the administration.

 

[Listening]

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?

Or maybe he's been unsuccessful.

Americans net worth is up $20 trillion dollars since 2009.
America will be energy independent by 2030.
Unemployment has dropped from 10.2% to 6.7%
The stock market has more than doubled since the stimulus.
14 million private sector jobs have been created since 2009.
GDP has been growing since 2009.
Auto sales are up. Retail sales are up. Home sales are up.
Bin Laden is dead, and GM is alive.

Obama has done a very good job.

I think Chris is unaware that the wage earners of America are at a record low in regards to their share of the National Income. Or that there are still three applicants for every job. How about around three quarters of the middle class live check-to-check.
Yep, life is good. Or is it?

Chris is unaware of just about anything except what Al Sharpton tells him.

 

[kghighroller]

Is the argument really being made that the wealth of all americans has gone up 2 trillion dollars since Obama has been in office? Am I reading all this right?

 

[Soggy in NOLA]

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

No, it's called realistic.... there's no way this can continue.. pumping billions of funny-money every month into the markets and expecting it to go on forever.

 

[Chris]

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

No, it's called realistic.... there's no way this can continue.. pumping billions of funny-money every month into the markets and expecting it to go on forever.

That's what you have to do to fight deflation, and it worked.

 

[Chris]

Americans net worth is up $20 trillion dollars since 2009.
America will be energy independent by 2030.
Unemployment has dropped from 10.2% to 6.7%
The stock market has more than doubled since the stimulus.
14 million private sector jobs have been created since 2009.
GDP has been growing since 2009.
Auto sales are up. Retail sales are up. Home sales are up.
Bin Laden is dead, and GM is alive.

Obama has done a very good job.

I think Chris is unaware that the wage earners of America are at a record low in regards to their share of the National Income. Or that there are still three applicants for every job. How about around three quarters of the middle class live check-to-check.
Yep, life is good. Or is it?

Life is good, if you own a home or stocks. The system is set up to reward ownership. That is why we need to raise the minimum wage.

 

[Moonglow]

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

No, it's called realistic.... there's no way this can continue.. pumping billions of funny-money every month into the markets and expecting it to go on forever.

That's what you have to do to fight deflation, and it worked.

It also worked against deflation...

 

[francoHFW]

Everyone in the world but hater dupes know that Pubs have been the world's catastrophe for years.

OP- Too bad the wealth has never been more concentrated in the hands of the richest...I'm sure they'll start producing jobs anytime now. Thank god this ship of greedy fools and the chumps is finally turning around...