Friday, September 24, 2010

National Net Wealth

Below is a 20 year chart of the national net wealth in the USA. It is essentially Housing Equity + Stock market Value and is compliments of Fusion Analytics.

The value of US stock and housing equity fell 25.7% from the pre-crash peak (June 2007) to the recent low – $65.8 trillion down to $48.8 trillion — a destruction of value of nearly $17 trillion dollars. This is a very large amount of wealth destruction and will take time for it to return to peak levels. Perhaps this explains some of the negative sentiment on Main Street...