• Latest
  • Trending
U.S. Household Wealth Sees Second-Fastest Decline Since 1959

U.S. Household Wealth Sees Second-Fastest Decline Since 1959

12/12
Exclusive: Epstein-tied Influence Group Brokers Relationships Between GOP Congressmen, CCP

Exclusive: Epstein-tied Influence Group Brokers Relationships Between GOP Congressmen, CCP

01/26
Vermont Supreme Court Upholds Noncitizen Voting

Vermont Supreme Court Upholds Noncitizen Voting

01/26
Federal Judge Blocks California’s ‘Misinformation’ Bill

Federal Judge Blocks California’s ‘Misinformation’ Bill

01/26
Damar Hamlin BLOCKS Stew Peters on Twitter After Peters Questions NFL, Media Narrative of Collapse

Damar Hamlin BLOCKS Stew Peters on Twitter After Peters Questions NFL, Media Narrative of Collapse

01/26
Miami Antifa Sympathizer Indicted For Allegedly Vandalizing Pro-Life Center

Miami Antifa Sympathizer Indicted For Allegedly Vandalizing Pro-Life Center

01/25
Report: Idaho High School’s ‘White Power’ Graffiti Revealed To Be Hate Hoax Scheme Carried Out By Hispanic Gang

Report: Idaho High School’s ‘White Power’ Graffiti Revealed To Be Hate Hoax Scheme Carried Out By Hispanic Gang

01/25
Founder of LGBT Youth Support Group Discusses ‘White Terror,’ Says There is ‘No Such Thing’ as a ‘Good’ White Person

Founder of LGBT Youth Support Group Discusses ‘White Terror,’ Says There is ‘No Such Thing’ as a ‘Good’ White Person

01/25
GOP Congress Prioritizes ‘Diversity and Inclusion’ in House Financial Services Committee

GOP Congress Prioritizes ‘Diversity and Inclusion’ in House Financial Services Committee

01/25
Flashback Video: Joe Biden Fantasizes About Making White Americans an ‘Absolute Minority’ Through ‘Non-Stop’ Immigration

Flashback Video: Joe Biden Fantasizes About Making White Americans an ‘Absolute Minority’ Through ‘Non-Stop’ Immigration

01/25
Video: Antifa-Aligned ‘Journalist’ Does Mental Gymnastics to Re-Define Violence

Video: Antifa-Aligned ‘Journalist’ Does Mental Gymnastics to Re-Define Violence

01/25
Weekend at Damar's

Video: Stew Peters Calls Out NFL, Media for Damar Hamlin Death Jab Cover-Up

01/24
Pence Blames Trump for 1-6, Echoes Regime Talking Points

Classified Documents Were Found at Former VP Pence’s Home

01/24
Friday, January 27, 2023
Subscribe
SUPPORT
National File
  • Home
  • Culture
    • Christianity
    • Video Games
    • Marxism
    • Snowflakes
    • Free Speech
  • News
    • Breaking News
    • International News
    • Fake News
    • Exclusive
  • Politics
    • Gun Rights
    • The Swamp
    • Deep State
    • Supreme Court
    • 2020
    • 2022
    • 2024
  • Big Tech
    • Technology
    • Alt-Tech
  • Sports
  • Education
  • Rona’
SUBSCRIBE
  • Home
  • Culture
    • Christianity
    • Video Games
    • Marxism
    • Snowflakes
    • Free Speech
  • News
    • Breaking News
    • International News
    • Fake News
    • Exclusive
  • Politics
    • Gun Rights
    • The Swamp
    • Deep State
    • Supreme Court
    • 2020
    • 2022
    • 2024
  • Big Tech
    • Technology
    • Alt-Tech
  • Sports
  • Education
  • Rona’
No Result
View All Result
National File
SUBSCRIBE
Home Economy

U.S. Household Wealth Sees Second-Fastest Decline Since 1959

by Cullen McCue
December 12, 2022
in Economy, News
U.S. Household Wealth Sees Second-Fastest Decline Since 1959

Photo: Britt Leckman

Share on FacebookShare on Twitter

Last Updated on December 12, 2022

Median U.S. household wealth fell by its second fastest pace in history in the first three quarters of the year, according to a December 9 report from the Federal Reserve. “The net worth of households and nonprofit organizations declined $0.4 trillion to $143.3 trillion in the third quarter. The value of stocks on the household balance sheet declined by $1.9 trillion, while the value of real estate increased by $0.7 trillion,” according to the Financial Accounts of the United States – Z.1 report.

The first three quarters of 2022 saw a net worth decline of about $6.84 trillion, a notable reversal when compared with $18.78 trillion gain in 2021. The previous year, 2020, also saw positive growth with $14.80 trillion in growth, The Epoch Times reported.

RelatedPosts

Exclusive: Epstein-tied Influence Group Brokers Relationships Between GOP Congressmen, CCP

Federal Judge Blocks California’s ‘Misinformation’ Bill

Damar Hamlin BLOCKS Stew Peters on Twitter After Peters Questions NFL, Media Narrative of Collapse

2022’s loss is more significant once inflation is factored in, however, at which point the loss of real wealth tallies at $13.5 trillion in current dollars, according to an analysis by MarketWatch. This is almost double the stated figure of $6.84 trillion.

The 8.6% decline in real household wealth over the three quarters ranks as the second-fastest decline on record since 1959, surpassed only by the fallout from the 2008 financial crisis.

As real household wealth declined, household debt increased by 6.3 percent during the same three-quarter period. Non-mortgage consumer credit rose by 7%, while home mortgage debt grew by 6.6%. Between the end of December 2021 and September 2022, the total debt outstanding among households and nonprofits grew from $17.94 trillion to $18.84 trillion, an increase of more than 5 percent, The Epoch Times reported.

The sharp decline coincides with a decrease in personal savings rates. Between January and October this year, Americans cut their personal savings rate in half, declining from 4.7 to 2.3 percent according to data from the Federal Reserve Bank of St. Louis.

Annualized inflation has remained at or above 7.5 percent for each month of 2022.

RELATED: U.S. Economy is in ‘Strong Shape,’ Fed Chair Jerome Powell Says 

RELATED: $2,500 ‘Misinformation’ Fine Still Included in PayPal’s User Agreement 

Tags: Biden EconomyEconomyFederal Reserve Bank

Related Posts

Exclusive: Epstein-tied Influence Group Brokers Relationships Between GOP Congressmen, CCP
China

Exclusive: Epstein-tied Influence Group Brokers Relationships Between GOP Congressmen, CCP

January 26, 2023
Federal Judge Blocks California’s ‘Misinformation’ Bill
Coronavirus

Federal Judge Blocks California’s ‘Misinformation’ Bill

January 26, 2023
Damar Hamlin BLOCKS Stew Peters on Twitter After Peters Questions NFL, Media Narrative of Collapse
Coronavirus

Damar Hamlin BLOCKS Stew Peters on Twitter After Peters Questions NFL, Media Narrative of Collapse

January 26, 2023
Load More
Facebook Twitter Reddit Telegram RSS

Category

  • 2020
  • 2022
  • 2024
  • Alt-Tech
  • Big Tech
  • Borders
  • Breaking News
  • cartoons
  • China
  • Christianity
  • Civil Unrest
  • Climate Hysteria
  • commentary
  • Coronavirus
  • Culture
  • Deep State
  • Economic War
  • Economy
  • Education
  • Election Integrity
  • Elections
  • Exclusive
  • Fake News
  • Fake News Media
  • Feminism
  • Free Speech
  • Gun Rights
  • Hate Hoax
  • Human Trafficking
  • Immigration
  • Impeachment
  • International News
  • LGBTQ
  • Life
  • lifestyle
  • Marxism
  • Movies
  • National Security
  • Nationalism vs. Globalism
  • News
  • op-ed
  • Opinion
  • Opioid Crisis
  • Politics
  • Radical Islam
  • Related Stories
  • Sex Crimes
  • Snowflakes
  • Soros
  • Sports
  • States
  • Supreme Court
  • Technology
  • The Hill
  • The Swamp
  • Video
  • Video Games
  • Violent Crime
  • Vote fraud
  • Voter Fraud
  • Voter Fraud Investigation
  • White House
  • Wholesome News

Recent News

  • Exclusive: Epstein-tied Influence Group Brokers Relationships Between GOP Congressmen, CCP
  • Vermont Supreme Court Upholds Noncitizen Voting
  • Federal Judge Blocks California’s ‘Misinformation’ Bill

© 2022 NationalFile.com National File, LLC. Privacy. Corrections. About Us. All Rights Reserved.
Have any questions or suggestions? If you are having difficulty unsubscribing from our mail subscription please send an email here [email protected] Want to advertise with us? Please email: [email protected]

No Result
View All Result
  • Home
  • Politics
  • News
  • Culture
  • Coronavirus
  • Sports
  • 2020
  • Breaking News
  • Civil Unrest
  • International News
  • The Swamp
  • Big Tech
  • Deep State
  • Voter Fraud
  • Marxism
  • Free Speech
  • DONATE
  • SUBSCRIBE

© 2022 NationalFile.com National File, LLC. Privacy. Corrections. About Us. All Rights Reserved.
Have any questions or suggestions? If you are having difficulty unsubscribing from our mail subscription please send an email here [email protected] Want to advertise with us? Please email: [email protected]

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In