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Home>Opinions and Analysis>Median Family Net Worth Under 1989 Level: Debt-to-Money Worst Since 62

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Median Family Net Worth Under 1989 Level: Debt-to-Money Worst Since 62

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Mish

Global Economic Analysis

Published : January 08th, 2018

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Category : Opinions and Analysis


	As the stock market soars to new highs, here's some sobering statistics to consider. The stock market is at an all-time high but Americans Owe More, Save Less, and are Poorer Than in Decades. Negative Wealth Percentage On the Rise Sobering Stats A greater share of Americans have more debt than money in the bank than at any point since 1962, according to Deutsche Bank economist Torsten Slok. 30.4% of US families have negative net worth despite the recovery in housing and the stock market. Median net worth is below where it was in 1989. Inflation adjusted, net worth may be the worst in history. $78,000 is not worth what it was in 1989, to say the least.

Source : www.themaven.net

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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com

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