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Thread: US households see biggest decline in net worth since the financial crisis

  1. #1

    Default US households see biggest decline in net worth since the financial crisis

    Americans’ net worth fell at the highest level since the financial crisis in the fourth quarter of 2018 as sliding stock market prices ate into the household balance sheet.

    Net worth dropped to $104.3 trillion as the year came to an end, a slide of $3.73 trillion, according to figures released Thursday by the Federal Reserve. The decline amounted to a drop of 3.4 percent.



    https://www.cnbc.com/2019/03/07/us-h...al-crisis.html

  2. #2

    Default

    How many threads are you going to post this in?
    Politicians and diapers must be changed often, and for the same reason. -Mark Twain

    The purpose of life is to matter, to be productive, to have it make some difference that you lived at all. -Leo Rosten

  3. #3

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    Yes, but 84% of stocks are owned by 10% of households. Lets say we have 100k in a fund, $3400 isn't much anymore. Even 34k in a million dollar fund, isn't much either.

    https://www.nytimes.com/2018/02/08/b...s-economy.html

  4. #4

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    Quote Originally Posted by everything1 View Post
    Yes, but 84% of stocks are owned by 10% of households. Lets say we have 100k in a fund, $3400 isn't much anymore. Even 34k in a million dollar fund, isn't much either.

    https://www.nytimes.com/2018/02/08/b...s-economy.html
    that's NOT "american spirit" talk. One expects the "american spirit" economical spirit to be to kind of olympic, speedier, higher, farther, not accepting loss as a given !!!

    Golditiki2+++
    .

  5. #5

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    I believe we've regained all that was lost in the 4th quarter. It was a significant sell-off/dip in the DOW, ground lost, thus recovered.

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