Thursday, December 12, 2013

Wealth: Pres Obama Years increase the wealth of most people back to pre- GW Bush Years when people lost wealth.

American households have regained almost all of the wealth lost during the Great Recession, thanks to surging stock prices and recovering home values. 

Total household net worth — assets minus liabilities — expanded 2.6%, or $1.9 trillion, in the third quarter from the second quarter, according to a Federal Reserve report released Monday. 

It was the eighth straight quarter of increases and brought the net worth for households and nonprofit organizations to $77.26 trillion at the end of September. In nominal dollars, households already recouped their lost wealth a year ago. But adjusting for inflation, Americans' net worth is still about 0.5% shy of the peak in the third quarter of 2007, just before the recession hit. 

http://theimmoralminority.blogspot.com/2013/12/under-obama-households-recover-almost.html

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