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Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 05:58 PM
Original message
Household Wealth Increases
Edited on Thu Sep-17-09 06:07 PM by Peacetrain
Household Wealth Increases

September 17, 2009 by Miranda Marquit
Filed under Economy, Family finances, News, Personal Finance, Trends



For the first time in two years, American household net worth has increased. This is an interesting and encouraging sign of the current times. According to the Federal Reserve, U.S. households saw an increase of $2 trillion from the first quarter of 2009 to the second quarter of 2009. Some of the items that contributed to this increase in net worth include:

Edit to add a link..
http://news.yahoo.com/s/ap/20090917/ap_on_bi_go_ec_fi/u...

http://www.marketwatch.com/story/households-net-worth-r...
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begin_within Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 06:00 PM
Response to Original message
1. I guess I'm not considered a household.
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Dappleganger Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 06:01 PM
Response to Original message
2. Who's house?
Time to pack our bags and move there!
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lunatica Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 06:03 PM
Response to Original message
3. I don't believe that
Edited on Thu Sep-17-09 06:03 PM by lunatica
When claims collide something is amiss. If unemployment and loss of jobs is still going on month after month then how is it possible that households are making more money?

I call Bullshit.

link?
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Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 06:08 PM
Response to Reply #3
7. I added a couple of links to the original OP... looked it up after listening to ED
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Thrill Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 06:03 PM
Response to Original message
4. Obama Tax Cuts. Man the Repukes aren't going to like this
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Quantess Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 06:04 PM
Response to Original message
5. Where? Who are these people?
I don't believe it.
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Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 06:08 PM
Response to Reply #5
6. I added a couple of links to the original OP... looked it up after listening to ED
Edited on Thu Sep-17-09 06:09 PM by Peacetrain
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Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 06:09 PM
Response to Reply #5
8. Self Delete.. posted in wrong place
Edited on Thu Sep-17-09 06:10 PM by Peacetrain
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Autumn Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 06:16 PM
Response to Original message
9. In what universe? I call
bullshit.
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Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 06:16 PM
Response to Reply #9
10. Take it up with the Federal Reserve...
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Autumn Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 06:21 PM
Response to Reply #10
12. Bernakes Fed ?
:rofl: :rofl: I just can't seem to buy what he is selling, especially since I have so much of it out in the pasture. I think this is the first post of yours that I just can't recommend.
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Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 06:26 PM
Response to Reply #12
13. Just pulling out the links ... We were listening to the Ed show and my husband
and I both almost dropped out coffee when Ed said that.. so I went out to pull down the links.. :hi:
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Cant trust em Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 06:17 PM
Response to Original message
11. As usual, wealth increases are seen mostly by the investor class.
"The increase in wealth in the second quarter was led by stock portfolios, the Fed report said. The value of Americans' stock holdings rose almost 22 percent from the first quarter the first increase in two years."

I hate this statistic.
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Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 06:27 PM
Response to Reply #11
14. Honestly.. most of us are invested in the market for good or ill..
through our retirement funds..even the full pensions are market linked, besides the 401-Ks and things like TIAA CREF.. the teachers annuities.. we are all in it some way or another
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Cant trust em Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 06:35 PM
Response to Reply #14
15. That's true. I don't want to seem like I'm unhappy about stock market increases.
I should clarify my comment.

I just think that this is a crappy indicator of economic strength.
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