US household wealth regains pre-recession peak
Surging stock prices and steady home-price increases have finally allowed Americans to regain the $16 trillion in wealth they lost to the Great Recession. The gains are helping support the economy and could lead to further spending and growth.
The recovered wealth — most of it from higher stock prices — has been flowing mainly to richer Americans.
Here's a graph from 2010 that shows who's benefitting:
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1 comment:
This is not a (particularly) leading question:
Has Obama mentioned this phenomenon in much if any of his credit-taking for the "turnaround?"
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