US Household Net Worth Pushes Further Into Record Territory
Image Credits: Pixabay.
Americans’ wealth pushed further into record territory in the final quarter of last year, hitting nearly $100 trillion thanks to rising stock markets and property prices.
Household net worth—the value of all assets such as stocks and real estate minus liabilities like mortgage and credit-card debt—rose more than $2 trillion last quarter to a record $98.746 trillion.
The ratio of wealth to income is “at pretty dizzying levels right now,” JPMorgan Chase economist Michael Feroli said.
Get the latest breaking news & specials from Alex Jones and the Infowars crew.Read More...