• Home
  • Personal Finance
  • Investing
  • Business
  • Career
  • Consumer
  • Debt
  • Lifestyle
  • Retirement
  • Taxes

Personal Finance News

Latest News About Personal Finance

  • Blogger Net Worths
  • Top Personal Finance Blogs
  • Blogroll

U.S. Household Net Worth Set Record at $92.8 Trillion

March 13, 2017 Leave a Comment

As reported by the Federal Reserve, U.S. household net worth rose to $92.8 trillion during the fourth quarter of 2016. Rising values in the stock market and real estate contributed to the record net worth.

Compared to the previous period, household net worth rose $2 trillion, up from $90.7 trillion.

Meanwhile, household debt increased at an annual rate of 3.8 percent in the fourth quarter of 2016. Consumer credit grew 6.2 percent, while mortgage debt grew 3.1 percent at an annual rate.

With the U.S. economy adding 235,000 jobs in February, surpassing economists’ expectation, the central bank is widely expected to raise interest rates this month.

Related

Leave a Comment Cancel reply

Must Read

  • What's the Recommended Temperature for Vacant Home in Winter?
  • How to Cash Out Pension Plan Early
  • How to Refinance a Paid Off Car
  • The Best Investment Advice You’ll Never Get
  • Amazon Cash: Now You Can Pay With Cash on Amazon
  • Americans Have Never Been In So Much Debt
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Guide On How To Do A Backdoor Roth IRA
  • 61% Now Living Paycheck to Paycheck
  • What To Do If You Did An Unplanned Backdoor Roth

Recent Posts

  • 61% Now Living Paycheck to Paycheck
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • The Hit to Your Pocketbook From Higher Gasoline Prices: $2,000 a Year
  • Uber Now Lets You See How Many One-Star Ratings You Received From Drivers
  • Survey: 7 In 10 Americans Living Paycheck To Paycheck
  • Fed May Issue Digital Currency
  • Best Pen for Your Money

Connect With Us

  • Facebook
  • Twitter
Home · About · Terms · Privacy · Contact · Copyright © 2022 · Personal Finance News