Friday, June 10, 2016

Americans’ Total Wealth Hits Record

The wealth of Americans reached a record of $88.1 trillion in the first quarter, according to a newly released report by the Federal Reserve.

The boost to wealth was driven by a $498 billion increase in residential real-estate values around the U.S.

Notes WSJ:
The new data underscores just how much American fortunes have changed since the recession that began in 2007, and occurred along with a housing and stock market crash. U.S. households lost more than $12 trillion during that period, with net worth bottoming at $55 trillion in 2009. Since then, wealth has risen by more than $33 trillion. 
This is absolutely not what a recession looks like.



  1. its what stagflation looks like.

  2. its what a central bank induced bubble looks like. look out below.