Today - Tuesday, December 10, 2013
4:58 AMAmericans continue to recover wealth lost during recession
- The net worth of U.S. households and nonprofit organizations increased 2.6% in Q3 to $77.3T, although that's still around 1% below the pre-recession peak, when adjusted for inflation.
- Rising shares prices boosted the figure by $917B and increasing home values by $428B.
- Total mortgage debt rose 0.9% on quarter, while consumer debt climbed 6%.
- Debt as a proportion of income was 99%, down from a high of 125% before the recession. (PR)