2,192
 

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



ADVERTISEMENT
 
topics gone triple plat - Number 1 spot 3X PLAT
most viewed right now
+33  77
37 replies  @movies




section  x1   |  0 bx goons and 1 bystanders Share this on Twitter       Share this on Facebook

section news
  
 4 months ago '11        #1
545 page views
5 comments


Sin  topics gone triple plat - Number 1 spot x40
avatar
Props total: 163343 163 K  Slaps total: 22808 22 K
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.


image

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
+2   



best
worst
5 comments
 

 4 months ago '21        #2
LuxG2  topics gone triple plat - Number 1 spot x1
Props total: 19838 19 K  Slaps total: 4067 4 K
-1   

 4 months ago '17        #3
Ifeellikekobe  topics gone triple plat - Number 1 spot x3
Props total: 74225 74 K  Slaps total: 5594 5 K
Who's household?
+2   

 4 months ago '17        #4
Skrr 
Props total: 2647 2 K  Slaps total: 257 257
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
+7   

 4 months ago '05        #5
SquirrelXss 
Props total: 9147 9 K  Slaps total: 2728 2 K
Inflation is here and now
+3   

 4 months ago '21        #6
MrDoubtfire  topics gone triple plat - Number 1 spot x1
Props total: 3380 3 K  Slaps total: 4249 4 K
This isn’t good thing. Read between the lines. That’s all imma say here.
-1   



Sign me up
 
 

yesterday...


most viewed right now
online now  14
Video inside Honda's first all-electric SUV, 3 new concepts revealed
30 comments
1 day ago
@rides
most viewed right now
online now  13
Oct 19 - Southwest Airlines Gets Their Card Pulled and Caves To Anti-Vaxxers
74 comments
18 hours ago
@news
most viewed right now
+30online now  7
This the reason why Big Daddy Kane was so late when they announced his name
108 comments
2 days ago
@hiphop
most viewed right now
online now  6
Video inside Oct 18 - Police Officer Pulls Over Vehicle, Detains Family & Then Chaos..
181 comments
1 day ago
@news
back to top
register register Follow BX @ Twitter search BX privacyprivacy