[TSP_Strategy] US Household Net Worth

 

U.S. Household Net Worth

Chart of the Week for June 19, 2015 - June 25, 2015

U.S household net worth rose by $1.6 trillion in the first quarter of 2015 according to the latest report published by the Federal Reserve, this is an 8.1% annualized increase quarter-over-quarter. Real estate equity grew in the first quarter of 2015 with the fastest growth since the fourth quarter of 2013. Additionally in the first quarter, mortgage balances declined, and consumer credit balances grew at the slowest pace in two years.

Household net worth is the value of assets like homes, stocks and bank accounts, less debt such as mortgages automobile loans, and credit cards. Thanks in part to the rise in asset prices, and decline in debt, net household wealth as of March 31, 2015 was $27.7 trillion higher than the first quarter of 2010, a 48.6% increase.

Among other factors, fluctuations in household net worth can greatly impact consumers' confidence, spending, and saving. The continued rise in wealth is certainly a welcome development. Some observers believe the growth trend in household wealth will continue to be "modestly higher for the next several years.

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Posted by: sarah_oz@yahoo.com

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Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.

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Ditulis oleh: Andriansyah -