Charts of the Week
U.S. Household Wealth
Chart of the Week for March 17, 2017 - March 23, 2017
On a quarterly basis, the U.S. Federal Reserve Board releases a report known as the Financial Accounts of the United States. One subset of that report is a measure of U.S. household wealth, which measures the flow of funds and levels of financial assets and liabilities for U.S. households. The chart above shows the quarterly dollar value of U.S. household wealth for the past two years.
As the U.S. economy has generally improved over the last two years, so has U.S. household wealth. The fourth quarter 2016 figure of $92.8 trillion dollars was an increase of 2.2% over the third quarter, and was 6.3% higher than the fourth quarter of 2015. Growth over the two-year period was 10.6%. Increases in housing prices and in the equity markets have contributed to the overall increase in U.S. household wealth.
Economists note that U.S. household wealth is a driver of consumer confidence and spending and they believe that continuing strong job growth may lead to wage growth, which should lead to continued U.S. household wealth growth.
Posted by: sarah_oz@yahoo.com
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