Household Wealth Increases

[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/us_net_worth

http://www.marketwatch.com/story/households-net-worth-rises-first-time-in-2-years-2009-09-17

[begin_within]

1. I guess I'm not considered a household.

[Dappleganger]

2. Who's house?

Time to pack our bags and move there!

[lunatica]

3. I don't believe that

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?

[Peacetrain]

7. I added a couple of links to the original OP... looked it up after listening to ED

http://www.marketwatch.com/story/households-net-worth-rises-first-time-in-2-years-2009-09-17

[Thrill]

4. Obama Tax Cuts. Man the Repukes aren't going to like this

[Quantess]

5. Where? Who are these people?

I don't believe it.

[Peacetrain]

6. I added a couple of links to the original OP... looked it up after listening to ED

http://www.marketwatch.com/story/households-net-worth-rises-first-time-in-2-years-2009-09-17

[Peacetrain]

8. Self Delete.. posted in wrong place

[Autumn]

9. In what universe? I call

bullshit.

[Peacetrain]

10. Take it up with the Federal Reserve...

[Autumn]

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.

[Peacetrain]

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:

[Cant trust em]

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.

[Peacetrain]

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

[Cant trust em]

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.