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BILS - Household Net Worth Reaches New Record High
SPDR Bloomberg Barclays 3-12 Month T-Bill
Today the Fed released its estimates of household net worth as of the end of December 2020. Net worth has reached a new record high in nominal, real, and per capita terms.
The private sector of the US economy currently has a net worth (total assets minus liabilities) of more than $130 trillion. That's up $12 trillion from a year ago, for a growth rate of 10%.
Over the long haul, real net worth in the US has increased by an annualized rate of about 3.6% per year. Recent experience is not at all out of line with what we've seen in the past.