homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

December 11, 2017

Despite stock surge, median household still 34% below ‘07

  • 10 percent of American households owned 84 percent of the value of American stocks in 2016.

    • WASHINGTON (AP) — Surging stock prices and steady increases in home values powered American household wealth to $96.9 trillion this fall, The Federal Reserve said. The gains, however, aren’t widely shared.

    U.S. wealth has made a remarkable comeback since the recession, when it plummeted more than $10 trillion to $56.2 trillion. The figures aren’t adjusted for inflation or population growth, nor is it broken out by income levels.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.