September 18, 2015

Federal Reserve reports US Household Net Worth reached a record $85.7 trillion

The net worth of households and nonprofits rose to $85.7 trillion during the second quarter of 2015. The value of directly and indirectly held corporate equities increased $61 billion and the value of real estate rose $499 billion.

Domestic non-financial debt outstanding was $44trillion at the end of the second quarter of 2015, of which household debt was $14trillion, non-financial business debt was $12.5trillion, and total government debt was $17.5 trillion

Household debt increased at an annual rate of 3.9 percent in the second quarter of 2015. Consumer credit grew 8.1 percent, while mortgage debt (excluding charge-offs) grew 2.2 percent at an annual rate


A lot for the top 1%


Top 0.1% really pulling away to Roaring Twenties levels






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