ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN DR. SKOSPLES' NATIONAL INCOME AND BUSINESS CYCLES COURSE AT OHIO WESLEYAN UNIVERSITY
Sunday, March 14, 2010
Slowly, Americans are regaining their lost wealth
This article talks about how household net worth is gradually rising. Net worth includes the value of assets like houses, checking accounts, and investments minus the value of debts, such as credit cards. Net worth has been rising very slowly, however, and net worth still needs to rise over 21 percent to be at where it was before the recession. Growth in stock portfolios has contributed to the increase in net worth. Th article also mentions how household debt has been decreasing, the first time since 1945.
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