American Total Net Worth (and Debt) Increasing Fast

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.

Scroll down to read 3 comments on “American Total Net Worth (and Debt) Increasing Fast.”

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3 Comments on “American Total Net Worth (and Debt) Increasing Fast.” To add your own comment, scroll down.

  1. #1: FMF
    Monday, June 12, 2006
    9:06 am (reply)

    Is that first line some sort of SEO trick? ;-)

  2. #2: Flexo
    Monday, June 12, 2006
    9:31 am (reply)

    Sometimes I look for creative ways to express frustration.

  3. #3: mogley98
    Monday, January 8, 2007
    12:39 pm (reply)

    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.

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