Log in
Don't have an account?
Sign Up Here →
Forgot Password?

Perspectives: The Wealth Effect is in Effect

June 10, 2013

    by Jerry Robinson, Editor-in-Chief

    The Deceptive Wealth Effect: Household net worth for Q1 this year surged by $3 trillion, surpassing its pre-recession peak. The total net worth of U.S. households now stands at a whopping $70.4 trillion. The quarterly jump in household wealth was the highest since 1999. The wealth effect is in full force. While the majority of these gains came from stocks, around 25% came from real estate. (Real estate values increased by $782 billion in the last quarter.)

    You are attempting to view premium content for subscribers only. If you are a subscriber, log in here. If you are not currently subscribed, you can learn more here.

    Notify of
    Inline Feedbacks
    View all comments

    Please help us spread the word about on Facebook, Twitter,
    and any other social media outlets.

    Silver & Gold

    Call 800-247-2812 now for the best prices on gold and silver coins and receive Free Shipping and Insurance when you mention Follow the Money.

    Weekly Newsletter

    Stay in the loop!
    Sign up today to receive our
    weekly e-newsletter.