US household net worth reaches all-time high

[The Dude]

US household net worth reaches all-time high

Monday, 9 Dec 2013 | 1:01 PM ET
CNBC's Steve Liesman explains why experts believe the rate cycle could be "different this time."
U.S. household net worth climbed to a record in the third quarter as home prices marched higher and the value of stocks and mutual funds surged, boosting the economic outlook.

The Federal Reserve said Monday net worth increased $1.9 trillion to $77.3 trillion in the third quarter, the highest level since records started in 1945.
The value of residential real estate rose by $428 billion between July and September, and corporate equities and mutual funds were up by $917 billion over the period, it said.

(Read more: Chinese are snapping up US real estate: Dolly Lenz)

The U.S. central bank has aggressively used ultra-easy monetary policy to foster a recovery in the nation's housing market following a severe 2007-2009 recession, and that has also helped propel U.S. stocks to record

 

[Althea]

I think a more accurate title for the piece would be "Income Divide Widens"

 

[The Dude]

I think a more accurate title for the piece would be "Income Divide Widens"

The train is moving faster!
I'm trying to get passengers

 

[Freddy Figbottom]

It's a bubble. Duh. All the fiat currency bleeding into the hands of the rich and corrupt from the corpse of America has to go somewhere.

 

[The Dude]

It's a bubble. Duh. All the fiat currency bleeding into the hands of the rich and corrupt from the corpse of America has to go somewhere.

Please make us laugh and tell us, you are a high school janitor right

 

[Freddy Figbottom]

Ponzi scheme.

 

[Freddy Figbottom]

Please make us laugh and tell us, you are a high school janitor right

I laugh at you peddling the unconditional market positivism that is the con of millennium.

 

[The Dude]

I laugh at you peddling the unconditional market positivism that is the con of millennium.

I'd like to know who would get financial advice from an anarchist!
Fucking moron

 

[Freddy Figbottom]

I'd like to know who would get financial advice from an anarchist!
Fucking moron

Im sorry that the economy is a fascist inspired bubble. take it up with reality.

 

[Freddy Figbottom]

This report is based on mutual funds and shit. How many people don't even have those and are unemployed or working part time? Most. Fuck this fascist propaganda. This article is 100% propaganda.

 

[SmarterthanYou]

I'd like to know who would get financial advice from an anarchist!
Fucking moron

right. because the only stable economy is one that gets managed from a fascist government LOL

 

[The Dude]

This report is based on mutual funds and shit. How many people don't even have those and are unemployed or working part time? Most. Fuck this fascist propaganda. This article is 100% propaganda.

Wollow with the poor
The rich always buy stocks

 

[The Dude]

right. because the only stable economy is one that gets managed from a fascist government LOL

Poor people are against ownership

 

[Freddy Figbottom]

Wollow with the poor
The rich always buy stocks

The Ponzi scheme is over dude.

 

[SmarterthanYou]

Poor people are against ownership

your college education was a waste of money

 

[Taft2016]

The Federal Reserve said Monday net worth increased $1.9 trillion to $77.3 trillion in the third quarter, the highest level since records started in 1945.

So even if we were to completely liquidate every household in the country, we still wouldn't have enough money to pay off our debt and unfunded liabilities.

Hooray?

 

[The Dude]

So even if we were to completely liquidate every household in the country, we still wouldn't have enough money to pay off our debt and unfunded liabilities.

Hooray?

Your grand kids will cover us

 

[The Dude]

Can't bring right economy sucks!