Trump's economy......
Household net worth falls by largest amount since the Great Recession, new Fed data shows
hristopher Ingraham/The Washington Post
By Christopher Ingraham March 7 at 3:34 PM
Total household net worth in the fourth quarter of 2018 dropped by the largest amount since the fourth quarter of 2008 when the country was amid a steep recession, according to data released Thursday by the Federal Reserve.
Total household net worth is a measure of the assets — such as homes, stocks and bank accounts — owned by American families and nonprofits minus their debts. In the fourth quarter of 2018, it fell by about $3.7 trillion, a 3.5 percent quarterly decline. Going back to 1952, the start of the Fed’s data, only three quarters — the third and fourth quarters of 2008, and the second quarter of 1962 — posted bigger declines in household net worth, percentage-wise.
more:
http://www.washingtonpost.com/us-policy/2019/03/07/household-net-worth-falls-by-largest-amount-since-great-recession-new-fed-data-show/?utm_term=.c00028204a67
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