Saturday, June 1, 2013

45% of 16 Trillion in U.S. Household Wealth recovered since Recession

Only 45% of the $16 trillion dollars lost in the recession has been recovered by U.S. Households.

2/3 of regained wealth is directly tied to the stock market

Middle and lower income economic picture not as bright due to low home prices

However, in some areas like San Francisco, Las Vegas and Phoenix home prices have gained 20% in value recently to make these areas now a seller's market for homes.

Though originally a study was done saying 91% of the wealth had been recovered it was not adjusted for inflation and other factors. So, after all these changes were factored in this is a more realistic appraisal of what their money actually can buy today.

These facts are from PBS Newshour from Friday June 1st 2013

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