Soldiers Die While the Wealthy Fly
March 8, 2007
Mostly fueled by stocks, the net worth of U.S. households climbed to a record high in the final quarter of last year, the Federal Reserve reported Thursday. 2.5 % higher than last quarters growth rate, which was again a record. Stocks gains helped fuel the increase in net worth, although real-estate gains played a role, too.
If Bush was not in a War the Libs would be hell bent in finding anything wrong with this guy.
For all of last year, households’ net worth rose by 7.4 %, a more sluggish pace than the 7.9 %increase registered in 2005.
2007’s growth in home mortgage debt was the smallest increase in six years. Slowerm mortgage growth meant that house hold debt grew by lesser than the 11.7 % increase in the prior year. Home mortgage loan debt slowed to a 8.9 % last year.
Reactions
Got something to say?
You must be logged in to post a comment.