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American Total Net Worth (and Debt) Increasing Fast

This article was written by in Debt Reduction, Economy. 3 comments.

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.

Published or updated June 9, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 3 comments… read them below or add one }

avatar FMF

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

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avatar Luke Landes

Sometimes I look for creative ways to express frustration.

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avatar 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.

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