Household Worth in U.S. Climbs by $2.95 Trillion to Record – Bloomberg.
Household wealth in the U.S. increased from October through December, as gains in stock portfolios and home prices boosted Americans’ finances.
Net worth for households and non-profit groups rose by $2.95 trillion in the fourth quarter, or 3.8 percent from the previous three months, to a record $80.7 trillion, the Federal Reserve said today from Washington in its financial accounts report, previously known as the flow of funds survey.
Americans are richer than ever with record low workforce participation, less net jobs, most new jobs only being part-time, and a smaller average salary.
Yeah, that makes sense.