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Wealth Rose in Second Quarter
Household wealth rose for the first time in nearly two years in the second quarter. The gain of $2 trillion reversed about 15% of the $14.2 trillion decline that had taken place over the preceding six quarters. The net worth of U.S. households is now $53.1 trillion. That followed a decline of $4.9 trillion in the fourth quarter, which was the largest decline on record on both a dollar and a percentage basis. Wealth remains almost 19% below its peak.... |
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New To Consumer Flow?
"...a great tool for businesses and traders who constantly must have their fingers on the pulse of consumer cash flow..." - Barron's, March 21, 2005
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