US national net worth increased $5.3T in Q4; overall net worth now $150T

[F-22Raptor]

Household Net Worth​

The net worth of households and nonprofit organizations increased by $5.3 trillion to $150.3 trillion in the fourth quarter. Robust gains in house prices and stock prices accounted for much of the increase in net worth, as the value of real estate held by households increased by about $1.5 trillion and the value of corporate equities increased by $2.5 trillion. After several quarters of solid growth, household net worth is now $33.5 trillion above its pre-pandemic level at the end of 2019.

Directly and indirectly held corporate equities ($49.6 trillion) and household real estate ($38.1 trillion) were among the largest components of household net worth. Household debt (seasonally adjusted) was $17.9 trillion.

The Fed - Financial Accounts of the United States - Z.1 - Current Release

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

 

[mmr]

Canada per capita net asset increased to almost 500k thanks to housing and stock market

Increase of almost 20 percent in a year

 

[Hamartia Antidote]

Household Net Worth​

The net worth of households and nonprofit organizations increased by $5.3 trillion to $150.3 trillion in the fourth quarter. Robust gains in house prices and stock prices accounted for much of the increase in net worth, as the value of real estate held by households increased by about $1.5 trillion and the value of corporate equities increased by $2.5 trillion. After several quarters of solid growth, household net worth is now $33.5 trillion above its pre-pandemic level at the end of 2019.

Directly and indirectly held corporate equities ($49.6 trillion) and household real estate ($38.1 trillion) were among the largest components of household net worth. Household debt (seasonally adjusted) was $17.9 trillion.

The Fed - Financial Accounts of the United States - Z.1 - Current Release

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

28 Millionaire Statistics: What percentage of Americans are millionaires?

How many millionaires are there in the US? Check out the latest stats to find out what percentage of Americans are millionaires.

spendmenot.com

The Global Wealth Report says that the total number of millionaires in the US is 20.27 million. The United States also added 2,251,000 new millionaires from 2019 to 2020 alone, which puts it at the very top of the list of countries with the most millionaires.

Since the adult US population is around 250 million, that means that just over 8% of Americans are millionaires.

 

[mmr]

28 Millionaire Statistics: What percentage of Americans are millionaires?

How many millionaires are there in the US? Check out the latest stats to find out what percentage of Americans are millionaires.

spendmenot.com

The Global Wealth Report says that the total number of millionaires in the US is 20.27 million. The United States also added 2,251,000 new millionaires from 2019 to 2020 alone, which puts it at the very top of the list of countries with the most millionaires.

Since the adult US population is around 250 million, that means that just over 8% of Americans are millionaires.

In Vancouver every one is millionaire lol. Detached now is 3 million. Even 2 bedroom condos are 1 million plus.

 

[hualushui]

If the US prints another $10 trillion, Americans' assets will increase by 10%. This is a good suggestion.

 

[Abdul Rehman Majeed]

If the US prints another $10 trillion, Americans' assets will increase by 10%. This is a good suggestion.

US stock market rose from 21K to 36k in just 2 years during covid pandemic.

This demonstrates how fake are these numbers.

 

[unrequitted_love_suzy]

Ma sha allah U.S

 

[Hamartia Antidote]

If the US prints another $10 trillion, Americans' assets will increase by 10%. This is a good suggestion.

China doesn't even have a hard currency. You basically print endless multi-colored Monopoly money.

 

[mmr]

If the US prints another $10 trillion, Americans' assets will increase by 10%. This is a good suggestion.

Lol sure.

 

[beijingwalker]

China doesn't even have a hard currency. You basically print endless multi-colored Monopoly money.

Why China'a inflation is 1% and US 8%？ US just prints money but has nothing to back them up cause US doesn't produce much. China produces goods and supply them to the world, China's money is indeed hard currency.

 

[Han Patriot]

China doesn't even have a hard currency. You basically print endless multi-colored Monopoly money.

Hard currency huh? Our currency is backed by gold unlike your missing Ft knox gold.

We print endlessly? Common sense, if we printed like the US, what will happen numb numb?

 

[beijingwalker]

Maybe the paper, paint and printing machines to make those US ‘’hard money" are also imported from China.

 

[Hamartia Antidote]

Hard currency huh? Our currency is backed by gold unlike your missing Ft knox gold.

We print endlessly? Common sense, if we printed like the US, what will happen numb numb?

LOL! Numb numb go into a bank in Beijing and try and convert a suitcase full of 635,000 Chinese Yuan at the going rate into US dollars and they will laugh you out of the bank.

Then try and convert $100,000 USD into Chinese Yuan and they will take it immediately and give you high praise.

 

[FuturePAF]

We might see a considerable set back in the next 6 months to 2 years if the coming recession hits hard. Inflation might pass 10% for March and if the fed raises interest rates 50-100 basis points, house prices will probably drop a decent amount.

 

[beijingwalker]

LOL! Numb numb go into a bank in Beijing and try and convert a suitcase full of 635,000 Chinese Yuan at the going rate into US dollars and they will laugh you out of the bank.
View attachment 823931


Then try and convert $100,000 USD into Chinese Yuan and they will take it immediately and give you high praise.

Never did it, how many people do this, did you ever?