According to the latest data from the Federal Reserve, most Americans should be feeling wealthier as household net worth soared to an all time high of $74.82 trillion. This is a huge improvement from levels reached during the height of the financial crisis when household net worth plunged by almost 20% or $12 billion as […]
Household Net Worth Hits All Time High Yet 59% of Seniors Have Zero Retirement Assets
September 25, 2013 Leave a Comment
Does Living At Home At Age 25 Make Me A Loser?
August 28, 2013 Leave a Comment
The economic collapse of 2008 that put the world financial system on the precipice of collapse has produced fundamental changes in people’s attitudes, financial habits and living style. One trend that existed even before the financial crisis and then accelerated since 2008 is the number of young adults living with their parents. The tradition of […]
Are You Rich? – Only 12 Million Extremely Elite People On Planet Earth Are Millionaires
June 26, 2013 Leave a Comment
Any one with more than $1 million of assets (not counting equity in a primary residence) belongs to an extremely elite group of individuals. According to the Economist, there are 12 million “high-net-worth individuals” on planet Earth, an increase of one million since 2011. The combined wealth of this small group of people weighs in […]
If You’re Feeling Poorer That’s Because You Are – Net Worth Plunges For Average American
May 30, 2013 1 Comment
In April the Federal Reserve Bank of San Francisco released a report showing that the overall net worth and value of financial assets had completely recovered from the financial collapse of 2008-2009. Since the low point of the recession in early 2009 the net worth of Americans has increased by a massive $14.7 trillion and […]
Have Your Assets and Net Worth Increased Since 2005?
April 23, 2013 Leave a Comment
Have your assets and net worth increased since 2005? According to the Federal Reserve, if your assets and net worth have not increased, you probable have a balance sheet dominated by housing, are in a lower income group, a member of a minority and have a lower than average educational attainment. As seen in the […]
Economic Enigma – High Unemployment, Low Incomes and Record Stock Prices
March 7, 2013 Leave a Comment
The stock market has been in recovery mode since early 2009 with stock prices more than doubling as the Dow Jones surges past 14,000. Americans have regained a substantial portion of the wealth that vanished during the initial years of the financial crisis. A good portion of the increase of household net worth was based […]
Housing Prices – A Dead Decade For Price Appreciation
February 26, 2013 Leave a Comment
During the epic housing bubble, people took if for granted that housing prices would continue to rise indefinitely. By the time housing values peaked in 2006, prices had been in an almost vertical rise since 1998 and it was widely believed that you “can never go wrong buying a house.” Home buyers’ perception of future […]
Number of Millionaires In U.S. Approaches 10 Million
January 22, 2013 1 Comment
The financial meltdown of 2008 and a weak economy has slowed the historic growth rate of millionaires. Nonetheless, the total number of households in the U.S. with a net worth, excluding the value of a principal residence, is fast approaching 10 million. According to the latest number from Spectrem Group, the number of millionaires has […]
The Real Unemployment Rate Is At Depression Levels
January 15, 2013 Leave a Comment
Anyone who delves into the details of the monthly unemployment rate issued by the Bureau of Labor Statistics knows the truth about the real level of unemployment in the U.S. The government numbers on unemployment are grossly distorted since they do not include millions of long-term discouraged workers, the under-employed and anyone who has not […]