U.S. Household Net Worth Pushes Further Into Record Territory
(Worthy News) – 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.
U.S. households also saw their net worth rise to nearly seven times their disposable personal income in 2017, swelling past earlier prerecession peaks.
The saving rate was 3.74% for 2017, down from 5.98% a year earlier and 7.19% in 2015. [ Source: Wall Street Journal (Read More…) ]
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