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Household net worth claws way back from 2008 economic downturn
WASHINGTON, June 7 () -- The net worth of U.S. households rose by $3 trillion,[url=http://www.parajumpersjackenoutlet.de/]parajumpers jacken outlet[/url], to $70 trillion at the end of the first quarter,[url=http://www.isabelmarantsneakersbootss.com/]isabel marant sneakers sale[/url], the Federal Reserve reported.The Fed said the improvement in Americans' net wealth was helped by strength in home prices and the stock market.Household net wealth -- assets minus liabilities -- has been slowly clawing back since it crashed by $12 trillion in 2008 after reaching $67 trillion a year before, BusinessWeek reported Thursday.As households improved their financial positioning,[url=http://www.parajumpersjackenoutlet.de/]parajumpers damen[/url], the U.S. Treasury issued a net $1.2 trillion in debt, with the Federal Reserve and foreign investors as the main buyers. Analysts said the household net worth growth was attributable to both an increase in assets and a decline in liabilities, BusinessWeek said. Some growth in household debt could be considered a "positive sign for the economy" if it isn't too extreme, IHS Global Insight said in a commentary on the Fed report.