Charts of the Week
U.S. Household Net Worth
Chart of the Week for March 24, 2016 - March 31, 2016
U.S household net worth rose by $1.6 trillion in the fourth quarter of 2015 according to the latest report published by the Federal Reserve, a 1.9% annualized increase from the third quarter. Household net worth measures the value of assets like homes, stocks and bank accounts, less debt such as mortgages, automobile loans, and credit cards.
Contributing to the fourth quarter increase was the value of corporate equity securities, which rose $758 billion as the markets recovered from the volatility in the third quarter. Also, the value of real estate rose $458 billion. Household debt rose at a 3.4% annual rate in the fourth quarter, as the consumer credit component of household debt rose at a 5.9% annualized rate, and the mortgage debt component (not including charge-offs) rose by an annualized 1.5%. Over a longer-term, household net worth was $24.5 trillion higher than five years ago.
Among other factors, fluctuations in household net worth can greatly impact consumers' confidence, spending, and saving. The continued rise in household net worth is certainly a welcome development.
Posted by: sarah_oz@yahoo.com
| Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic (2) |
Belum ada komentar untuk "[TSP_Strategy] US Household Net Worth"
Post a Comment