The Q2 2013 Federal Reserve's flow of funds report shows household net worth increased $1.5 trillion to $74.8 trillion in Q2 2013 and hit another record high. The thing is, magically household net worth was boosted up by unfunded pension funds. Nice huh, to have an increase in wealth that Americans do not actually have?
The Q1 2013 Federal Reserve's flow of funds report, released June 6th, shows a select few gained handsomely in wealth and corporate cash is once again at record highs. Household wealth , increased $3 trillion to $70.35 trillion in Q1 2013. This is a 19% annualized increase from Q4, above 2007 levels and a record high.
The Q3 2012 Federal Reserve's flow of funds report shows a select few gained handsomely in wealth. Household wealth increased $1.7 trillion to $62.67 trillion in Q2 2012. The gains were in stocks, $524.4 billion worth, mutual funds by $282 billion and real estate values increased.
The Q2 2012 Federal Reserve's flow of funds report was released last Thursday. Household wealth decreased $321.9 billion to $62.67 trillion in Q2 2012. The losses were in stocks, mutual funds while real estate values increased. Below is a graph of annual household net worth and notice the Great Recession wealth wipe out in the below graph.
The Q1 2012 Federal Reserve's flow of funds report was released last Thursday with significant revisions. Household wealth increased $2.82 trillion to $62.87 trillion in Q1 2012. The gains were in stocks, mutual funds so the average Joe without portfolios, basically didn't see anything. Below is a graph of annual household net worth.
The Q4 2011 Federal Reserve's flow of funds report is more bad news for Americans, plus holds some obscene statistics from corporate America. Household wealth increased $1.191 trillion to $58.455 trillion in Q4 2011, but is down by $369 billion, from Q4, 2010, or -0.63%. In comparison to the end of 2007, household wealth is still down -$6.743 trillion, or -10.34%. Below is a graph of annual household net worth.
The Q3 2011 Federal Reserve's flow of funds report is more bad news for Americans, plus holds some obscene statistics from corporate America. Household wealth dropped a record $2.4 trillion dollars in three months, 4.1%, and is down about 13% from 2007.
Within the Q2 2011 Federal Reserve's flow of funds is more bad news for Americans, we're broker...er.
Household net worth—the difference between the value of assets and liabilities—was $58.5 trillion at the end of the second quarter, about $150 billion less than at the end of the previous quarter.
Same story different day? As As Dr. Palley argues is his report entitled: America's Exhausted Paradigm: Macroeconomic Causes of the Financial Crisis and Great Recession, our current economic growth model depends on asset price inflation (ex. increase in housing prices). This asset price inflation has replaced income and wage growth and allows us to assume more debt by borrowing more against these inflated assets. This increase in debt replaces income and wages.
Recent comments