US Household Incomes Rise for 3rd Year Running The median US household income rose for a 3rd year running in Y 2017 and the poverty rate declined further, government data showed on Wednesday. The Census Bureau says incomes for a typical household, adjusted for inflation, rose 1.8%, from $60,309 in Y 2016 to $61,372. The Census Bureau […]
MAGA Effect:Household Income Spikes US median household income is at all-time highs US median household income has risen more than 4% since President Donald Trump took office on the overall strong economic growth and robust optimism. Inflation-adjusted median household incomes in July hit $62,450, according to the latest release from Sentier Research. “That’s the highest level […]
US Household Household Wealth is “at pretty dizzying levels right now” $DIA, $SPY, $JPM Americans’ wealth rose more than $2-T in Q-4 of last year, pushing further into record territory, thanks to The Trump Bull Market and rising property prices, data from the Fed showed Thursday. According to the Quarterly Fed report, household net worth, […]
US Consumer Confidence at 17 Year Highs $DIA, $SPY, $QQQ, $VXX US consumer confidence rose more than expected in October to the highest mark since Y 2000, as Americans grew more confident about the economy and job market, according to figures Tuesday from the New York-based Conference Board. Highlights of Consumer Confidence (October) Confidence index rose to […]
US Household Wealth Up $1.7-T, Another Record Under President Trump $SPY The wealth of US households rose to $96.2-T in Q-2 of this year, as US stock prices hit record highs and home values continued to climb, a report by the Fed showed Thursday. That compares to a downwardly revised $94.5-T tally for household net […]
Bitcoin, from Curiosity to Household Word $JPM, $BTCUSD The Bank for International Settlements (BIS) said Monday, that the world’s central banks cannot ignore the growth in cryptocurrencies and may at some point have to consider whether it makes sense for them to issue their own digital currencies, “Whether or not a central bank should provide […]
Median US Household Wealth has Declined by 40% since 2007-2008 Nominal US household wealth it has been declared is at an all-time high. But Marc Faber says that’s mostly an illusion. Mr. Faber, the author of The Gloom & Doom Report, looked at the relationship between asset prices and US household wealth, and the effect […]
US Wealth Report: 10.8-M Households Worth at Least $1-M There were nearly 11-M households in the United States last year worth more than $1-M, a record. According to the results of a study conducted by the Spectrem Group, the number of households in the group increased by 400,000 and stood at 10.8-M by year’s end. […]
US Household Net Worth Hits Record $92.8-T A Federal Reserve report released Thursday showed US household net worth soared to a record $92.8-T in the last Quarter of Y 2016, fueled by an end-of-year surge in stocks and a steady climb in home prices. The Federal Reserve’s Quarterly financial accounting showed the biggest contributor to […]
US Household Debt Near Record on Student Loans US household debt hit near an all-time high in Q-4, reaching $12.58-T, as credit was more readily available for mortgage, auto and student loans, a Federal Reserve Bank of New York survey showed Thursday. Total debt was up $460-B from a year ago and is now just […]
American’s are Almost as Wealthy as Ever, it is Scary Americans are about as wealthy as they have ever been and that is worrying monetary officials. They are concerned that the growing wealth could prove unsustainable because it has outstripped the growth of the economy since the Great Recession’s storied end in Y 2009. A […]
Household Incomes Fall In Advanced World Economies The real incomes of about 67% of households in 25 advanced economies were flat or fell between Y’s 2005 and 2014. This phenomenon could have very damaging economic and social consequences. The data shows that most people growing up in advanced economies since World War II have been […]
South Korea’s Household Consumption Falling Private (household) consumption in South Korea fell in Q-1 on lower household income, a government report revealed Friday. Monthly private consumption averaged 2,669,000 Won (US$2,262) per household during the January-March period, up 0.6% from the same frame last year, according to Statistics Korea. Real private consumption, adjusted for inflation, declined […]