Comments on: America’s Total Net Worth is Up. Is Yours? http://www.consumerismcommentary.com/2009/09/21/americas-total-net-worth-is-up-is-yours/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 20 Mar 2010 19:54:44 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Jason @ One Money Designhttp://www.consumerismcommentary.com/2009/09/21/americas-total-net-worth-is-up-is-yours/#comment-198518 Jason @ One Money Design Tue, 22 Sep 2009 13:58:31 +0000 http://www.consumerismcommentary.com/?p=7369#comment-198518 Our net worth is increasing. Mainly because we have not changed our debt reduction strategy and have continued contributions to 401K, with company matching minimum, regardless of the recession. Our net worth is increasing. Mainly because we have not changed our debt reduction strategy and have continued contributions to 401K, with company matching minimum, regardless of the recession.

]]> By: ctreithttp://www.consumerismcommentary.com/2009/09/21/americas-total-net-worth-is-up-is-yours/#comment-198517 ctreit Tue, 22 Sep 2009 13:02:49 +0000 http://www.consumerismcommentary.com/?p=7369#comment-198517 Yes, our net worth has also increased because of the stock market rally, but we have not banked the increase yet. So, we can lose that rebound in our net worth any day again. Yes, our net worth has also increased because of the stock market rally, but we have not banked the increase yet. So, we can lose that rebound in our net worth any day again.

]]> By: JoeTaxpayerhttp://www.consumerismcommentary.com/2009/09/21/americas-total-net-worth-is-up-is-yours/#comment-198513 JoeTaxpayer Tue, 22 Sep 2009 01:25:55 +0000 http://www.consumerismcommentary.com/?p=7369#comment-198513 We were up 12% in the second quarter, still down 18% from the peak, which for us was Q3 07. House is about 30% of our net worth, and I don't adjust it frequently, that would just confuse things.From that peak, when I remove house, we are down 24% vs S&P 30%. But, in those 2 years there were dividends not in the index (so over time you can beat the Index but not usually when you account for dividends) nor our deposits which were about 4% of net worth or so. We were up 12% in the second quarter, still down 18% from the peak, which for us was Q3 07.
House is about 30% of our net worth, and I don’t adjust it frequently, that would just confuse things.

From that peak, when I remove house, we are down 24% vs S&P 30%. But, in those 2 years there were dividends not in the index (so over time you can beat the Index but not usually when you account for dividends) nor our deposits which were about 4% of net worth or so.

]]> By: Candidehttp://www.consumerismcommentary.com/2009/09/21/americas-total-net-worth-is-up-is-yours/#comment-198511 Candide Mon, 21 Sep 2009 20:26:10 +0000 http://www.consumerismcommentary.com/?p=7369#comment-198511 Depends on the value of my house--I bought (and sold) in 2007, so while the stock market has come back, I don't think my house has regained the $150k or so it lost in value in two years. Also, I wished I shared your optimism; I think unemployment is gonna be high for a while. Depends on the value of my house–I bought (and sold) in 2007, so while the stock market has come back, I don’t think my house has regained the $150k or so it lost in value in two years. Also, I wished I shared your optimism; I think unemployment is gonna be high for a while.

]]> By: Enrique Shttp://www.consumerismcommentary.com/2009/09/21/americas-total-net-worth-is-up-is-yours/#comment-198510 Enrique S Mon, 21 Sep 2009 19:12:03 +0000 http://www.consumerismcommentary.com/?p=7369#comment-198510 My net worth has increased this year, mostly from my 401(k) contributions and delaying major purchases. The market value of my house has increased about $5K this year, so that's an unexpected bonus. My net worth has increased this year, mostly from my 401(k) contributions and delaying major purchases. The market value of my house has increased about $5K this year, so that’s an unexpected bonus.

]]> By: Sick of Debthttp://www.consumerismcommentary.com/2009/09/21/americas-total-net-worth-is-up-is-yours/#comment-198509 Sick of Debt Mon, 21 Sep 2009 16:10:25 +0000 http://www.consumerismcommentary.com/?p=7369#comment-198509 My net worth has been going up all through the recession, so the recent changes in America' Net Worth haven't made a difference. It's basically been a focus on improving my career earnings, improving employment security, cutting expenses, and paying off debts. My net worth has been going up all through the recession, so the recent changes in America’ Net Worth haven’t made a difference. It’s basically been a focus on improving my career earnings, improving employment security, cutting expenses, and paying off debts.

]]> By: Ellen / MoneyLoungehttp://www.consumerismcommentary.com/2009/09/21/americas-total-net-worth-is-up-is-yours/#comment-198508 Ellen / MoneyLounge Mon, 21 Sep 2009 15:47:37 +0000 http://www.consumerismcommentary.com/?p=7369#comment-198508 Like you, I am also optimistically taking this as a good sign for the economy. I am hopeful that we do see a definite turn-around in things and that we can start confidently using the R-word. Like you, I am also optimistically taking this as a good sign for the economy. I am hopeful that we do see a definite turn-around in things and that we can start confidently using the R-word.

]]> By: David@DINKS Financehttp://www.consumerismcommentary.com/2009/09/21/americas-total-net-worth-is-up-is-yours/#comment-198507 David@DINKS Finance Mon, 21 Sep 2009 15:41:47 +0000 http://www.consumerismcommentary.com/?p=7369#comment-198507 The stock market is definitely to blame for the increase in our nation's net worth. In my opinion, it is seriously overvalued so this net worth isn't likely to be sustained. I see the market dropping again and gold shooting up to $1,200 or so. The stock market is definitely to blame for the increase in our nation’s net worth. In my opinion, it is seriously overvalued so this net worth isn’t likely to be sustained. I see the market dropping again and gold shooting up to $1,200 or so.

]]> By: waynehttp://www.consumerismcommentary.com/2009/09/21/americas-total-net-worth-is-up-is-yours/#comment-198505 wayne Mon, 21 Sep 2009 15:34:43 +0000 http://www.consumerismcommentary.com/?p=7369#comment-198505 Net Worth has increased steadily since beginning of the year. Not yet to the high in 05/08 but steady. Only change was to recently increase my 401k contribution (17%) to where it was last year. Reduced it end of last year to build up emergency fund. All other monthly contribution have stayed the same. Net Worth has increased steadily since beginning of the year. Not yet to the high in 05/08 but steady. Only change was to recently increase my 401k contribution (17%) to where it was last year. Reduced it end of last year to build up emergency fund. All other monthly contribution have stayed the same.

]]> By: savvyhttp://www.consumerismcommentary.com/2009/09/21/americas-total-net-worth-is-up-is-yours/#comment-198504 savvy Mon, 21 Sep 2009 13:27:54 +0000 http://www.consumerismcommentary.com/?p=7369#comment-198504 While our net worth has been increasing, only a small part is due to the stock market recovering. We're merely continuing to do what we've always done - contribute to our 401ks and IRAs and add a little to the mortgage payment each month. While our net worth has been increasing, only a small part is due to the stock market recovering. We’re merely continuing to do what we’ve always done – contribute to our 401ks and IRAs and add a little to the mortgage payment each month.

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