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  1. #1
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    Wesley's Avatar
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    Lost Household Wealth exceeds $14 Trillion in last 21 months

    MarketWatch.com Story

    Household net worth fell at a 9.9% annual rate in the first three months of the year to $50.4 trillion, the lowest in more than four years. Net worth -- assets minus liabilities -- peaked at $64.4 trillion in the spring of 2007, the Fed said in its quarterly flow of funds report. Read more.


    Let my Fred's Posse Ride: Georges, Naz, Hogue, Bryce, Nader, Monte, Matt, and McKay.

  2. #2
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    Re: Lost Household Wealth exceeds $14 Trillion in last 21 months

    Too much of that net "worth" was tied up in bad credit... we're actually getting back to where we should be, as unfortunate as that is.




  3. #3
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    Re: Lost Household Wealth exceeds $14 Trillion in last 21 months


  4. #4
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    cloneluke80's Avatar
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    Re: Lost Household Wealth exceeds $14 Trillion in last 21 months

    That is the least of our worries. If inflation kicks in or the dollar is abandoned around the world, that figure could be easily be 50 trillion.



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