Weak Wealth
03/11/2014 | | Economic forecasting, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, Graphsandlaughs, Household wealth, MLS, Multiple listing service, Public speaking economist, econ70, economist on TV, economist on radio, eisenberg and economics, funniest economist, funny housing economist, graphsandlaughs and eisenberg, housing sales, mortgage banking, politics and economics
While household wealth hit a new high of $80.7 trillion in Q4 2013, up $9.8 trillion from 12 months earlier and up from $68.8 trillion before the Great Recession, on an inflation adjusted per-capita basis wealth is still about $500 less than it was at the peak in 2007. Moreover, because most of the rise in wealth was from stocks and mutual funds, cash-out refinancing was essentially non-existent in 2013.