Friday, March 8, 2013

U.S. Household Wealth at Highest Level Since Recession

The net worth of U.S. families rose by $1.17 trillion at the end of 2012 to the highest level since before the recession, as rising home values and gains in stock holdings boosted household balance sheets.

U.S. households' net worth—the value of homes, stocks and other investments minus debts and other liabilities—rose 1.8% to $66.07 trillion from October through December, the highest level since the third quarter of 2007, according to a Federal Reserve report.

Face it, if your net worth is not up, you are nowhere near being part of the elitist wealthy. Instead of Ben's helicopter flying over your residence, it will likely be a drone instead.

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