A personal finance blog dedicated discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance.


Friday, March 11, 2005

Net Worth of U.S. Households Hits $48.53 Trillion

According to the Federal Reserve's Flow of Funds report, net worth rose 4.2% in the fourth quarter of 2004, which was up about $2 trillion from the previous quarter.

Household net worth is a measure of total assets, such as the value of homes and pensions, minus total liabilities, such as mortgages and credit-card debt. The same report also showed that U.S. household debt grew at an annual rate of 9.4% in the fourth quarter, which was down from a 11.5% rate in the previous quarter.

Click on the link to read the actual report.