American Household Wealth Grows $1.7 Trillion to New Record

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  • #11910
    TradersCom
    Keymaster

    [article]207[/article]

    #11911
    ClemSnide
    Participant

    This was before the latest ramp up in the stock markets – lets see if we can put this new found wealth to a good use and not just paper to be lost on market pullbacks.

    #11914
    Assistanc3
    Participant

    its mostly all debt (CC, auto and student loans)

    few Americans benefit from the housing assets increasing because American home ownership is low and the companies have almost $2.3 trillion in liquid assets does no one any good (unless they issue a 1 time special dividend payment)

    #11924
    TradersCom
    Keymaster

    That liquid assets gave me a headtake and what worries me is they used it to do stock buy backs. Have to check on home ownership I thought was high in the US ? (Is that just a Texas thing?

    #11929
    Truman
    Participant

    [quote=”Assistanc3″ post=1651]its mostly all debt (CC, auto and student loans)

    few Americans benefit from the housing assets increasing because American home ownership is low and the companies have almost $2.3 trillion in liquid assets does no one any good (unless they issue a 1 time special dividend payment)[/quote]

    It says net wealth – would that not be net of debt or am I reading wrong?

    #11936
    TradersCom
    Keymaster

    Net of debt but look at how much debt is unproductive such as credit card debt and all the paper assets – thats the risk factor

    #11944
    Assistanc3
    Participant

    some could say the student loan debt is unproductive too

    #11946
    Super Harley
    Participant

    Would agree with you there with the the hiring process and multitude of over populated fields – lawyers being one and all those arts degrees …

    #11948
    Assistanc3
    Participant

    don’t get me started on “Liberal Arts” degree

    #12185
    Super Harley
    Participant

    Every time I see record highs I think of this story …

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