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Fed says Americans' wealth rose $2 trillion

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DejaVu
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« on: September 17, 2009, 11:18:44 pm »

Fed says Americans' wealth rose $2 trillion

Americans were $2 trillion richer in the second quarter, the first increase in household wealth since 2007, the Federal Reserve reports.

Net worth for households and non-profit groups climbed to $53.1 trillion from $51.1 trillion in the first quarter. The gains can be attributed to the stock market's best quarter since 1998 and to the first increase in home values in more than two years.

Source: http://blogs.usatoday.com/ondeadline/2009/09/fed-says-americans-wealth-rose-2-trillion.html



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The most successful tyranny is not the one that uses force to assure uniformity, but the one that removes awareness of other possibilities, that makes it seem inconceivable that other ways are viable, that removes the sense that there is an outside. --Allan Bloom

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Chazzy
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« Reply #1 on: September 28, 2009, 08:14:48 pm »

Yes it sure is..for wall street, big banks, politions,oil companies, and the really wealthy few....but i keep waitin on that PCH ten million dollars they  said i wud probly win...they even told me wut to say when they knocked on my door, it was worth another ten thousand...i probly wasnt home..oh well...But i dont hear about my son bringing home any more money, course he pays 135 a week for ins.
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