Sign in to comment!

Menu
Home

Economy

US household wealth rebounds from depths of recession, and affluent benefit most from gain

America as a whole has regained all the household wealth it lost to the Great Recession and then some, thanks to higher stock and home prices.

The average household still has a long way to go. 

The Federal Reserve says U.S. household wealth jumped $3 trillion to $70.3 trillion in the January-March quarter this year. That tops the previous peak of $68 trillion in the third quarter of 2007, just before the recession began. 

The recession cost Americans $15.6 trillion in wealth.

Yet because of inflation and a rising population, the average household has recovered only about 45 percent of the wealth it lost. Affluent households have benefited most from the nation's recovered wealth because most of the gain has come from higher stock prices.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.21% up 4.16%  
15 Y Fixed Graph 3.27% up 3.25%  
30 Y Fixed Jumbo Graph 4.63% up 4.61%  
5/1 ARM Graph 3.51% up 3.38%  
5/1 Jumbo ARM Graph 3.74% up 3.68%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.29% -- 4.29%  
$50K HELOC Graph 4.04% -- 4.04%  
$30K Loan Graph 5.09% up 5.08%  
$50K Loan Graph 4.52% -- 4.52%  
$75K Loan Graph 4.52% -- 4.52%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.93% -- 2.93%  
36 M Used Graph 3.47% -- 3.47%  
48 M New Graph 3.22% -- 3.22%  
48 M Used Graph 2.98% -- 2.98%  
60 M New Graph 3.24% -- 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% up 0.34%  
1 yr Graph 0.69% up 0.68%  
5 yr Graph 1.39% -- 1.39%