Americans’ wealth pushed further into record territory in the
final quarter of last year, hitting nearly $100 trillion dollars(!)
-- thanks to rising stock markets and real estate prices. Household
net worth—the value of all assets such as stocks and real estate
minus liabilities like mortgage and credit-card debt—rose more than
$2 trillion dollars last quarter to an all-time record of $98.7
trillion dollars!
U.S. households also saw their net worth rise to nearly seven times
their disposable personal income in 2017, swelling past earlier
pre-recession peaks. While it all sounds like good news, it
is also cause for some concern. Americans are suddenly not saving
money like they were in 2015. Previous busts—like in the
early and late 2000s—were preceded by similar periods of rising
asset values and low saving. Today on Mastering Money, we'll do a
complete rundown of the markets and the economy from multiple
financial analysts, and compare the trends to previous bull and
BEAR markets. You don't want to miss it! MASTERING MONEY is on the
air!
About the Podcast
...No ordinary retirement show! Hear cutting edge insights from an Amazon best selling author and Accredited Investment Fiduciary®