The Q2 2013 Federal Reserve's flow of funds report shows household net worth increased $1.5 trillion to $74.8 trillion in Q2 2013 and hit another record high. The thing is, magically household net worth was boosted up by unfunded pension funds. Nice huh, to have an increase in wealth that Americans do not actually have?
The Q1 2013 Federal Reserve's flow of funds report, released June 6th, shows a select few gained handsomely in wealth and corporate cash is once again at record highs. Household wealth , increased $3 trillion to $70.35 trillion in Q1 2013. This is a 19% annualized increase from Q4, above 2007 levels and a record high.
The Q3 2012 Federal Reserve's flow of funds report shows a select few gained handsomely in wealth. Household wealth increased $1.7 trillion to $62.67 trillion in Q2 2012. The gains were in stocks, $524.4 billion worth, mutual funds by $282 billion and real estate values increased.
The Q2 2012 Federal Reserve's flow of funds report was released last Thursday. Household wealth decreased $321.9 billion to $62.67 trillion in Q2 2012. The losses were in stocks, mutual funds while real estate values increased. Below is a graph of annual household net worth and notice the Great Recession wealth wipe out in the below graph.
The Q1 2012 Federal Reserve's flow of funds report was released last Thursday with significant revisions. Household wealth increased $2.82 trillion to $62.87 trillion in Q1 2012. The gains were in stocks, mutual funds so the average Joe without portfolios, basically didn't see anything. Below is a graph of annual household net worth.
The Q4 2011 Federal Reserve's flow of funds report is more bad news for Americans, plus holds some obscene statistics from corporate America. Household wealth increased $1.191 trillion to $58.455 trillion in Q4 2011, but is down by $369 billion, from Q4, 2010, or -0.63%. In comparison to the end of 2007, household wealth is still down -$6.743 trillion, or -10.34%. Below is a graph of annual household net worth.
The Q3 2011 Federal Reserve's flow of funds report is more bad news for Americans, plus holds some obscene statistics from corporate America. Household wealth dropped a record $2.4 trillion dollars in three months, 4.1%, and is down about 13% from 2007.
Within the Q2 2011 Federal Reserve's flow of funds is more bad news for Americans, we're broker...er.
Household net worth—the difference between the value of assets and liabilities—was $58.5 trillion at the end of the second quarter, about $150 billion less than at the end of the previous quarter.
I am not sure where I came across this article. If it was on EP, I apologize for not giving credit but it may have been Calculated Risk. This article has some sombering graphs.
The article titled "US Household Deleveraging and Future Consumption Growth", by Reuven Glick and Kevin Lansing, articulates (much better than I can) why future economic growth may be relatively weak or anemic. The article suggests that U.S. households may continue to "deleverage" which may result in less consumption. It concludes that this "deleveraging" will not be painless.
U.S. household leverage, as measured by the ratio
of debt to personal disposable income, increased modestly from 55% in 1960 to 65% by the mid-1980s. Then, over the next two decades, leverage proceeded to more than double, reaching an all-time high of 133% in 2007. That dramatic rise in
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