Home » Forums » Economy

Slowly, Americans are regaining their lost wealth

Submitted by meekandmild on Thu, 03/11/2010 - 18:58
in
0 votes

WASHINGTON – Americans are recovering their shrunken wealth — gradually. Household net worth rose last quarter, mainly because the healing economy boosted stock portfolios. But the gain was slight. And it was less than in the previous two quarters.
The Federal Reserve said Thursday that net worth rose 1.3 percent in the fourth quarter to $54.2 trillion. It marked the third straight quarter of gains. But economists say consumers would need a stronger and more prolonged increase in their wealth to persuade them to ratchet up spending.
Net worth had risen by a more robust 4.5 percent in the second quarter of 2009 and an even faster 5.5 percent in the third quarter. Net worth is the value of assets such as homes, checking accounts and investments minus debts like mortgages and credit cards.
http://news.yahoo.com/s/ap/20100311/ap_on_bi_go_ec_fi/us_net...
========================================================
MSM forgets to mention the Cost of living has risen.
http://www.coinnews.net/2009/11/18/us-inflation-rises-inflat...

»

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

I wonder what planet the

Submitted by greatscott on Thu, 03/11/2010 - 20:49.

I wonder what planet the author of this article lives on? My savings has been draining for the last 1 1/2 years. At least I have something to fall back on. So much for retirement. Looks like I will work till I drop. If I ever find another job that is... :(

—

There is no Left or Right -- there is only freedom or tyranny. Everything else is an illusion, an obfuscation to keep you confused and silent as the world burns around you." - Philip Brennan

"Invest only in things that you can stand in front of and pr

Have hope...there is plenty of work to do...

Submitted by Kingsofcommerce on Thu, 03/11/2010 - 20:53.

Actually there is too much research to do.

Here is a site that might offer some hope.

www.creditorsincommerce.com

At 50 Cents on the Dollar!

Submitted by IMissLiberty on Thu, 03/11/2010 - 19:51.

They're measuring in FRNs. FRNs have lost another 50% of value. Watch the "value" of everything start to go up.

—

IMissLiberty

Don't you mean costs of everything ?

Submitted by riceowlex on Thu, 03/11/2010 - 22:05.

Under the circumstances the values are skewed.

—

Just one last kick in the nuts, then a final deathblow

LOL! The eye of the storm!

Submitted by hawkiye on Thu, 03/11/2010 - 19:26.

LOL! The eye of the storm!

—

-----
End The Fat
70 pounds lost and counting! Get in shape for the revolution!

Get Prepared!

Does anyone really believe

Submitted by Praetorian on Thu, 03/11/2010 - 19:39.

Does anyone really believe this Media driven BS?!?!?!

—

Guns, Grub and Gold
...For All Your Survival Needs

https://www.gunsgrubandgold.com/forum

I certainly

Submitted by Habit4ming on Thu, 03/11/2010 - 21:05.

don't believe it...everyone in my immediate circle is having an even harder time "making it"...

—

Berwick, Columbia County, Pennsylvania
Ron Paul 2012 - The People's Choice
rEVOLution SuperPAC: http://www.revolutionpac.com/
WTP Federal Lawsuit to BAN ALL ELECTRONIC VOTING
http://www.wethepeoplefoundation.org/UPDATE/Update2011-07-26...

Correct...

Submitted by elrococco on Thu, 03/11/2010 - 19:15.

all that fledgling wealth being created will soon be consumed by either tax, price increases due to inflation, or even sooner by currency value depreciation.

—

Assert Your Authority