March 4, 2020

Consumer net worth rose $32 trillion in the fourth quarter.  That works out to an annualized rate of increase of 10.9% which follows a 2.8% increase in the third quarter.  Over the past year consumer net worth has increased 10.4%.

The growth in net worth reflects both the steady increase in stock prices during the course of the past several years, and the growth in home prices.

Stephen Slifer

NumberNomics

Charleston, SC