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
To the best of my ability I write about my experience of the Universe Past, Present and Future
Top 10 Posts This Month
- A Tragic Loss | Tesla Motors
- These Are The Possible Future Leaders Of Britain
- HTTPS?
- For example, an IPhone is probably the most vulnerable security device you can get. Why would I choose to have one?
- Volkswagen Beetle by Wikipedia
- Transhumanism from Wikipedia
- Ancien régime: (or the monarchy before Louis XVI was guillotined along with Marie Antoinette)
- Cancer rates 1900 to 2000 and beyond
- Ray Kurzweil created the idea of the Singularity in regard to Artificial intelligence. He believes it will come by 2050
- Ford Model T (produced from 1908 until 1927)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment