Finanshul advice is hurrd.

[techs]

http://www.bloomberg.com/news/2013-...ops-pre-recession-peak-for-first-time-1-.html

U.S. Household Worth Tops Pre-Recession Peak for First Time

http://www.stltoday.com/business/co...cle_7362ad12-3668-5ff6-b0d7-7ac4a92bf142.html

Families make progress, but are still far from a full wealth recovery



Was looking at Google News and came across these stories next to each other.
Had to giggle.

 

[Blackjack200]

Yeah, there are so many ways to slice and dice financial data. Another example of this is that the US created 175k jobs last month but the unemployment rate went up.

The market has been reacting poorly to good economic news recently due to fears that it would lead to the Fed reducing their bond purchases. Manufacturing, payrolls, and trade are up? Market goes down.

You need to watch it pretty closely to make sense of it all...

 

[Vdubchaos]

Most families will NEVER "fully recover".

Salary increases are HARDLY keeping up with Food cost, energy cost, education cost and especially Health costs.

it will NOT get better, heck if you look at the average income to Average Home price/Car price/Milk Price/Gallon of gas price from the 50s and on.....let's just say those Americans had it MADE.

It has only gotten worse

BUT hey, we have smartphones and flat screen TVs man.

 

[purbeast0]

since the "recession" started, i've landed 2 new jobs and my salary has more than doubled in that time period. i've gone on 10+ vacations, bought a new (to me) luxury car (as my wife has too), purchased my first home, and more than tripled my retirement fund.

it's all about what market you are in and where you live. i know it's hard for people to just get up and go to a new place to find work, especially if you have a family and a home, but sometimes you have to make drastic changes.

 

[Attic]

The assets that grew are literally tied at the hip to the Fed's balance sheet and asset purchases (~3.5T).

So in so far as the bulk of your wealth comes from financial assets, the 1% but mainly the .1%, this has been a great! recovery. For everyone else, not so much.

Tangible assets were down, financial assets up. So those who had bulk of their net worth in their home, those who *had* or still have, are still feeling that affect.

It's like the fed is freely admitting they are pumping billions (33B per day) into the 1% coffers and sticking the bill to everybody else, but nobody really gives a shit.

 

[DaveSimmons]

http://www.bloomberg.com/news/2013-...ops-pre-recession-peak-for-first-time-1-.html

U.S. Household Worth Tops Pre-Recession Peak for First Time

http://www.stltoday.com/business/co...cle_7362ad12-3668-5ff6-b0d7-7ac4a92bf142.html

Families make progress, but are still far from a full wealth recovery

Was looking at Google News and came across these stories next to each other.
Had to giggle.

There isn't a contradiction there -- TOTAL wealth has recovered, but mostly by the top 10% recovering fully and pulling ahead of where they were. The top 10% own 80% of the stock shares.

Your second link:
" The vast majority of families are even worse off than the figures would indicate. That's because stock-market wealth, which has recovered faster than housing wealth, is concentrated in a relatively small number of wealthy households."