Household Wealth Jumps $2.1 Trillion In Last Quarter

WASHINGTON (Reuters) - Household wealth rose by $2.1 trillion in the fourth quarter and their debt contracted at the slowest pace since 2008 as consumers stepped up spending and boosted the fragile economic recovery.Gains made in investments such as mutual funds boosted overall household wealth to $56.8 trillion even as the value of real estate fell, data released by the Federal Reserve showed on Thursday.Read More... More on The Fed

BING NEWS:
  • Billionaire wealth hits $10 trillion as Sanders warns of oligarchic rule
    • Eight tech billionaires, including Elon Musk, Mark Zuckerberg, and Jeff Bezos, added more than $600 billion to their collective net worth, representing 43% of the $1.5 trillion increase among the ...
    01/1/2025 - 3:15 am | View Link
  • World’s 500 richest people surpass $10 trillion in wealth in 2024
    The world’s 500 richest people got vastly richer in 2024, with Elon Musk, Mark Zuckerberg and Jensen Huang leading the group of billionaires to a new milestone: A combined $10 trillion net worth.
    12/31/2024 - 2:12 pm | View Link
  • 12 US billionaires gained almost $1 trillion in wealth in 2024 as the stock market delivered another year of massive returns
    Elon Musk saw the biggest gain in wealth this year, with the Tesla CEO adding a staggering $213 billion to his net worth.
    12/31/2024 - 6:47 am | View Link
  • People With Extreme Wealth Should Give It Away—or Be Penalized
    The gap between the ultra-rich minority and the vast majority has never been greater. But a wave of activist millionaires is asking for higher taxes.
    12/23/2024 - 8:01 pm | View Link
  • Global Wealth Report 2024
    Americas will see the largest wealth transfer Roughly $83.5 trillion is expected to be passed on globally within the next 20 to 25 years. Of this amount, an estimated $9 trillion will shift ...
    10/9/2024 - 5:12 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News