Americans' net worth posts first gain in 2 years

[Tilted]

Americans' Net Worth Posts First Gain in Nearly 2 Years

U.S. households' net worth rose by $2 trillion to $53.1 trillion in the second quarter, the first increase since before the recession began in 2007, Federal Reserve data showed on Thursday.

The increase in wealth, the first since the third quarter of 2007, came in a period that saw stabilization in the housing market and huge gains in global financial markets. However, even with the $2 trillion rise, household net worth was still well below 2007's level of $63.9 trillion.

Oy vey. Success - we've managed to start reflating the phony wealth bubble - yippee!

 

[ProfMoneyWise]

Americans' Net Worth Posts First Gain in Nearly 2 Years



Oy vey. Success - we've managed to start reflating the phony wealth bubble - yippee!

I am starting to see reports the average non-house debt per household is increasing. $10K - $12K per household average is the highests I have read recently and the number of accounts per household is still in the 10 range.

 

[Larry Gude]

Americans' Net Worth Posts First Gain in Nearly 2 Years



Oy vey. Success - we've managed to start reflating the phony wealth bubble - yippee!

What a bunch of cyberspace horse####. That's $6,700 per man, woman and child. That means a household of four has realized a gain of $26,800.

Anyone besides not me feeling it? I'd think you'd notice that over 3 months.