WEB Notes: Articles like this crack me up. One article says we are rich and one says we are broke. Which is it folks? I notice this one says due to the rising stock market. How many of you folks actually have stocks? No need to answer that, but I know most everyday folks do not trade that much. So is this number really blanketed by the 1%?
Americans’ wealth pushed further into record territory in the final quarter of last year, hitting nearly $100 trillion thanks to rising stock markets and property prices.
Household net worth—the value of all assets such as stocks and real estate minus liabilities like mortgage and credit-card debt—rose more than $2 trillion last quarter to a record $98.746 trillion.