Gavekal Capital: US Household's Gain Wealth In The Third Quarter

Tuesday, December 10, 2013

US Household's Gain Wealth In The Third Quarter

According to the latest Federal Reserve's Financial Accounts (formerly Flow of Funds), rising equity and housing prices helped push the net worth of US households to another new high ($77 trillion). Total liabilities remain below 2007 highs. Finally, the level of household debt to disposable income fell for the third straight quarter and is well below the highs made in 2007

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