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The report provides no information on the distribution of wealth among households. The national rise in home prices benefits the majority of Americans who own their homes, and the broad rise in stock prices benefits those with significant savings in 401(k) and IRA accounts. But much stock ownership is highly concentrated in wealthy households, while the most valuable real estate in the U.S. is largely concentrated in coastal states.
U.S. Household Net Worth Reaches Record $92.8 Trillion - WSJ
'U.S. household net worth climbed to a record $92.8 trillion in the fourth quarter of 2016, as the end-of-year surge in stocks and a steady climb in home prices added more than $2 trillion of wealth to household balance sheets. '
'The biggest contributor to the increase was the stock market’s end-of-year rally, which added $728 billion to household net worth in the fourth quarter, according to the Federal Reserve’s quarterly financial... '
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[–] wincest1 ago
"Americans"meaning the top 1%. The middle class continues to shrink.
[–] harry_nash ago
The Reality is, Half of Americans Can’t Afford To Write A $500 Check
[–] derram ago
https://archive.is/6MDHw | https://vgy.me/TKQQlz.png :
'U.S. household net worth climbed to a record $92.8 trillion in the fourth quarter of 2016, as the end-of-year surge in stocks and a steady climb in home prices added more than $2 trillion of wealth to household balance sheets. '
'The biggest contributor to the increase was the stock market’s end-of-year rally, which added $728 billion to household net worth in the fourth quarter, according to the Federal Reserve’s quarterly financial... '
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