Sunday, March 10, 2013


(h/t Dan Crawford at Angry Bear)
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:

1 comment:

Ken Hoop said...

This is not a (particularly) leading question:

Has Obama mentioned this phenomenon in much if any of his credit-taking for the "turnaround?"