58 Trillion USD: Net Worth of U.S Households In First Quarter 2011

September 11, 2011 2:13 am

We have spotted multiple unemployment statistics before. We spotted this today:

“There actually has been limited progress over the last two years. Real GDP per capita has grown by 3 percent from the depths of the recession and the net worth of households has rebounded from $51 trillion in 2008 (down from $64 trillion) to $58 trillion in the first quarter of 2011. The unemployment rate has declined by one percentage point, although it remains stubbornly high, hovering around 9 percent. Real personal consumer expenditures are slightly higher than before the recession; and consumer savings have bounced back from 2.2 percent of personal income in 2005-07 to 5.2 percent in 2008-10.”

Read more: http://curiouscapitalist.blogs.time.com/2011/09/09/would-a-slow-economic-recovery-be-that-bad/#ixzz1XbdZfFWl

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