Gary's Blog

Friday, September 18, 2009

U.S. Net Worth Up First Time since '07

For the first time in two years, Americans actually got wealthier. Household wealth grew by $2 trillion, or about 4%, this spring, ending the longest stretch of quarterly declines on records dating back to 1952, accourding to the Federal Reserve report on Thursday. Not Worth - Assets such as homes, checking accounts and investments minus debts like mortgages and credit cards, came to $53.1 trillion for the second quarter.

Hallelujah!

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