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**Mjxhnapi** · 08-03-2007, 11:21 PM

WASHINGTON - The net worth of U.S. households climbed to a record high in the final quarter of last year, boosted mostly by gains on stocks, the
Federal Reserve reported Thursday.

Net worth — the difference between households' total assets, such as houses and bank accounts, and their total liabilities, such as mortgages and credit card debt, totaled $55.6 trillion in the October-to-December quarter.

That marked a 2.5 percent growth rate from the third quarter, the previous quarterly record high. Stocks gains helped fuel the increase in net worth, although real-estate gains played a role, too.

Net worth of U.S. households skyrockets - Yahoo! News It must be that "worst economy since the Great Depression" we keep hearing about.

08-03-2007, 11:21 PM	#1
Mjxhnapi Join Date Oct 2005 Posts 478 Senior Member	Net worth of U.S. households skyrockets WASHINGTON - The net worth of U.S. households climbed to a record high in the final quarter of last year, boosted mostly by gains on stocks, the Federal Reserve reported Thursday. Net worth — the difference between households' total assets, such as houses and bank accounts, and their total liabilities, such as mortgages and credit card debt, totaled $55.6 trillion in the October-to-December quarter. That marked a 2.5 percent growth rate from the third quarter, the previous quarterly record high. Stocks gains helped fuel the increase in net worth, although real-estate gains played a role, too. Net worth of U.S. households skyrockets - Yahoo! News It must be that "worst economy since the Great Depression" we keep hearing about.
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