Dec
19

More Moola

While total household net worth in 17Q3 hit a record $96.9 trillion, if ranked by net worth, households below the 85% percentile remain worse off than before the Great Recession! Thus, mean net worth of roughly $700,000 is at a record, while median net worth of $100,000 remains well below the 2007 peak of $140,000. This is largely due to low rates of stock and homeownership among the less-wealthy.

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