As featured in The Wall Street Journal, Money Magazine, and more!

American Total Net Worth (and Debt) Increasing Fast

by Flexo on June 9, 2006

in Debt Reduction, Economy

DreamHost makes babies scream and old men with lung cancer cry. Sometimes, it has been said, they eat their young and take their pets to the opera.

According to the Federal Reserve’s quartertly “Flow of Funds” report, the total net worth of American households rose in the first quarter this year.

If you add up the net worth statements (balance sheets) of all households, like my most recent update), you’ll find the total to be $53.8 trillion for the end of March. That’s a $1.4 trillion increase (almost 2.5%) over December, 2005.

Nonfinancial debt — all debt including government, household, and corporate (excluding financial organizations) — soared 11% since the last quarter.

VN:F [1.7.4_987]
Rating: 0.0/5 (0 votes cast)


Email this article Email this article Print this article Print this article
Share this article: Twitter | Tip'd | Facebook | Delicious | Reddit | Digg
About the Author

Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.

If you enjoyed this article, get the free RSS feed or get daily emails.

Join the free Consumerism Commentary newsletter. Enter your email address here to receive weekly emails with behind-the-scenes information, exclusive giveaways, and money tips.



Related Entries on Consumerism Commentary

  • FMF
    Is that first line some sort of SEO trick? ;-)
  • Sometimes I look for creative ways to express frustration.
  • mogley98
    This mornings news reports Nancy Pelosi will try and help raise taxes on americans making more then 500K a year, you will not hear a loud outburst from the public about that!
    Let the CEO's who steal billions pay millions on it then the incentive to steal billions will not be there.
blog comments powered by Disqus

Previous post: Evaluating a Purchasing Decision: Panasonic Camcorder

Next post: This Week in Blogs