Household net worth rose $1.7T to $64.8T in Q3, according the Fed's Flow of Funds report (if you...

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june1234 Comments (914)
 
When you lose your job you get deleveraged.
6 Dec 2012, 12:30 PM Reply Like

medzjohn Comments (108)
 
Yes, and those who didn't lose their jobs are being sucked dead by the banks to make up for those who did and defaulted.
6 Dec 2012, 12:37 PM Reply Like

The Hammer Comments (2986)
 
you ain;t seen notting yet. As fed aid to states declines so does aid to municipalities, states and municipalities will have to raise taxes to pay for such bloated pensions and public worker compensation, education and infrastructure. Higher property,state and sales taxes here we come.
6 Dec 2012, 01:06 PM Reply Like

blueice Comments (2453)
 
More lies from the Central Bank...Most of this so called decline, come from past and future foreclosures and bankruptcies...

These households will not partake in the market place for years to come...

And what is advancing today's economy it sure is not income growth...
6 Dec 2012, 12:42 PM Reply Like

Tom Armistead Comments (4558)
 
When a very vocal and determined minority undertakes to remove the security net, predictably people start hanging onto dollars to protect against unemployment or illness occurring and nobody will help.

Of course, that's recessionary.

So the uncertainty created around entitlements makes a lot of people unwilling to incur debt in their personal life. CEO's and the wealthy aren't the only people who suffer uncertainty over the fiscal cliff.
6 Dec 2012, 12:49 PM Reply Like

surfnspy Comments (415)
 
Amen Tom!
6 Dec 2012, 01:04 PM Reply Like

Whitehawk Comments (2761)
 
TA: Keynesian logic. People saving to invest for their own retirements and medical care is not recessionary. Government spending other people's money to funnel into "entitlements" for those who pay less into the system than they get (and for their votes): recessionary and corrupt.

Signed, vocal and determined minority
6 Dec 2012, 04:09 PM Reply Like

The Hammer Comments (2986)
 
Propped up asset prices will not last forever. this freak bernank thinks propped up phony prices make for real wealth.
6 Dec 2012, 01:02 PM Reply Like

blueice Comments (2453)
 
Amen Hammer!

Hear is the report from the NY Fed...I believe the saving rate in the past two years has also declined...

http://bit.ly/TV8LWs
6 Dec 2012, 01:11 PM Reply Like

dividend_growth Comments (2746)
 
Sounds like lots of sour grapes who missed the gravy stock market train.
6 Dec 2012, 01:57 PM Reply Like

The Hammer Comments (2986)
 
dividend u talking about me?
the gravy train left the station 3+ years ago buddy.
6 Dec 2012, 02:03 PM Reply Like

bbro Comments (7826)
 
Savings Deposits to GDP is at 40.6%... all time high...
6 Dec 2012, 04:14 PM Reply Like

The Hammer Comments (2986)
 
savings deposits are what?
6 Dec 2012, 04:58 PM Reply Like

Whitehawk Comments (2761)
 
It is positive for debtors to pay their debts and not blame creditors and penalize savers for their misfortunes or bad decisions.

Congrats to those who cashed out on the stock market booms and on the real estate booms and have the room to reallocate capital.
6 Dec 2012, 04:15 PM Reply Like

GaltMachine Comments (914)
 
Confusingly median household net worth is down substantially, 30% plus, from the peak in 2007.

So in the Obama economy apparently the rich keep getting a lot richer :)

Good for them, I say.
6 Dec 2012, 04:51 PM Reply Like

idkmybffjill Comments (561)
 
Cool, did you forget how much value houses lost? And that is the largest part of most peoples' net worth (not for the rich though)?
6 Dec 2012, 08:07 PM Reply Like