Stock-market gains fuel rise in household wealth in the Jul-Sep quarter

Stock-market gains fuel rise in household wealth in the Jul-Sep quarter

US household net worth surged to a record high of $109 trillion in the July-September quarter, aided by a stock market rally. As per the Fed report, value of Americans’ stock and mutual fund holdings soared $1.2 trillion. Total net worth climbed $2 trillion from nearly $107 trillion in the April-June quarter. The figures aren’t adjusted for inflation or population growth.

Simone
Simone
Evolved Ape
Evolved Ape 1 year

Wealth inequality is the biggest non-issue I can think of.

Iwas Sold
Iwas Sold 1 year

This is bullshit. the average is not the medium. If Bill Gates, me, and my neighbor average our net worth, it would be in the billions. I'm not even a millionaire. watch out for averages and mediums people. Most americans dont even own stock.

Zyphure Xypia
Zyphure Xypia 1 year

Why dont thel left acknowledge this? However based on the recent Obama story it surprises me he did not also claim this also.

Rage Against the Vagine
Rage Against the Vagine 1 year

Don't gloss over the numbers. that's only 1.8%. with more than half coming from stocks and mutual funds which I'm sure we are all heavily invested in.

Alexander Bendyna III
Alexander Bendyna III 1 year

Did anyone else nitice that ABC News and The Washington Times published the EXACT same story? I guess plagiarism doesn't apply to journalists, which makes sense considering thier constantly slipping ethics.

Responsibly Free
Responsibly Free 1 year

to be clear, working class wealth did not increase. nor has it since the 60's. "household income" is a misleading title for this statistic.

Rick Smith
Rick Smith 1 year

how many of those pension funds are underfunded?

Rome’s Ebonpyre
Rome’s Ebonpyre 1 year

Yet

Rocky LeBlanc
Rocky LeBlanc 1 year

So household wealth is up and stocks are down... sounds like markets are handling redistribution just fine all by themselves. If you look at those facts businesses are losing money while the average American has more in their pocket/savings/investments. No need for all that socialism talk now I guess.🤔😎 and yes I am being facetious.

Max Maidment
Max Maidment 1 year

Orang badde

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