Thursday, September 26, 2013

Household net worth up +$1.3 Trillion in Spring 2013

U.S. household net worth increased by +$1.3 trillion this spring. The Federal Reserve reports that net worth rose to $74.8 trillion in the April - June quarter. American's wealth bottomed out at $57.2 trillion in 2008. Since then, it has steadily increased to current values. The gains haven't been equally distributed as 10% of households own about 80% of all stocks and have realized the largest increase in net worth.

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