“U.S. Household Net Worth Jumps to a Record on Equities, Housing”

 

“U.S. Household Net Worth Jumps to a Record on Equities, Housing,” by Reade Pickert, ThinkAdvisor

 

 

Quote:

“US. household net worth jumped to a fresh record in the fourth quarter on rising stock prices and higher home values. Household net worth increased by $5.3 trillion, or 3.7%, after a more moderate gain in the third quarter, a Federal Reserve report showed Thursday. The fourth-quarter advance pushed net worth to more than $150 trillion. The value of real estate held by households rose by $1.5 trillion and the value of equity holdings climbed $2.5 trillion.”

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

Remember all that money Uncle Sugar gave us either in checks or stock and real estate appreciation? Early April Fools: Turns out it was really a loan. We’ll be paying back principal, interest and then some for many years … in the form of inflation.