Net worth of US households grew to a record $44.41 trillion at the end of 2003

[CADsortaGUY]

I bet people missed this amid the whining and gnashing of teeth over jobs ast friday

U.S. households, meanwhile, saw their net worth at the end of the fourth quarter of 2003 rise to a record $44.41 trillion, reflecting higher home and stock values, the Federal Reserve said. That was up from $42.25 trillion in the third quarter.

But but but....

An no dave - the "rich" weren't the only ones

CkG

 

[StageLeft]

By your own admission, that's an increase in great part of house values, which is aside from the increased credit card debt and questionable job situation of many

 

[charrison]

Originally posted by: Skoorb
By your own admission, that's an increase in great part of house values, which is aside from the increased credit card debt and questionable job situation of many

A report came out the other day and 68% of the population does not have credit card debt. Only about a third of the remaining 32% only made minimum payments.

 

[PrinceofWands]

While I'm glad some people are earning money, it wasn't anyone I know. With a couple (say less than 6) exceptions everyone I know lost out somehow. Lost jobs (couple dozen people I know (and those that finally found work again now make up to 50% less than they did a year ago)), loss of benefits or pay ration of those benefits (another 4 or 5), lost money in the markets (almost everyone), frozen wages while inflation continued, no changes in personal finances but increases in cost of living (especially gas)...not that I'm doubting the national figures...I mean, it's not like they'd include fast food in manufacturing jobs or anything....errrr, wait....