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Jun 10 - Household net worth climbs to $136.9 trillion, thanks to big stock market gains



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Top 10 most slapped recently  1 week ago '11        #1
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Jun 10 - Household net worth climbs to $136.9 trillion, thanks to big stock market gains
 

 
KEY POINTS
-Household net worth rose to $136.9 trillion in the first quarter, a 3.8% gain from the end of 2020.
-The gain came amid a 7% increase in the S&P 500 that boosted equity wealth by $3.2 trillion.
-Household debt totaled $16.9 trillion, growing at the fastest pace going back to 2006.


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The net worth of U.S. households climbed to new heights as 2021 began and the effects of the Covid-19 pandemic began to fade.

Thanks largely to a surge in the stock market, the total balance sheet for households and nonprofits rose to $136.9 trillion in the first quarter, a 3.8% gain from the end of 2020, according to Federal Reserve data released Thursday

Of that total, $3.2 trillion came from equity holdings, while another $1 trillion was due to the continued escalation in real estate values. The S&P 500 gained 7% for the quarter as investors continued to count on rising corporate earnings and accommodative fiscal and monetary policy while also placing speculative bets on so-called meme stocks.

From a historical perspective, household net worth has nearly doubled from its level of a decade ago as the nation was still escaping the throes of the financial crisis.

Household debt totaled $16.9 trillion for the quarter, growing at 6.5% rate that was the fastest pace going back to 2006.

The gain in household value came as the growth rate in total private and government debt slowed to 5.8% from 6.3% in the fourth quarter of 2020, and was much lower than in the first quarter of last year. That was when government spending pumped trillions into the economy and triggered debt growth at a 10.8% level, followed by a 25.6% increase in the second quarter.

Federal government debt increased 6.5% in the first quarter, well below the 10.9% rate in the last three months of 2020 but still enough to push the total debt level to just below $28 trillion at the end of the quarter. State and local government debt rose at a 3.8% rate, compared to 1.6% in the previous quarter.

After slowing considerably in the second half of 2020, business debt picked up again, rising at 4.4% pace.

visit this link https://www.cnbc.com/2021 .. ket-gains.html
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 1 week ago '21        #2
LuxG2 
Props total: 8547 8 K  Slaps total: 1444 1 K
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 1 week ago '17        #3
Ifeellikekobe  topics gone triple plat - Number 1 spot x2
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Who's household?
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 1 week ago '17        #4
Skrr 
Props total: 1374 1 K  Slaps total: 143 143
Is this average? Bc then it's skewed based on the top 1%. What's the median?


9 people making $50,000 a year are in a bar. Bill gates walks in the bar. The average income of the bar is now $100,000,000. But IRL the income didn't climb at all
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 7 days ago '05        #5
SquirrelXss 
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Inflation is here and now
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 7 days ago '21        #6
MrDoubtfire  topics gone triple plat - Number 1 spot x1
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This isn’t good thing. Read between the lines. That’s all imma say here.
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