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'The net worth of American households climbed again in the second quarter, ... That leaves consumers in good shape.' U.S. Household Net Worth. U.S. Household Assets ... – PowerPoint PPT presentation

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Title: Prepared for:


1
U.S. Household Balance Sheet Analysis
Prepared for OECD Working Party on Financial
Statistics Meeting By Susan Hume
McIntosh October 10, 2005 Paris, France
2
Wall Street Journal September 22, 2005
  • The net worth of American households climbed
    again in the second quarter, bolstering the
    ability of families to weather soaring energy
    prices.
  • In its quarterly flow of funds report, the
    Federal Reserve said U.S. household net worth
    rose for the eleventh-consecutive quarter to a
    record 49.8 trillion in the second quarter of
    2005. up 9.4 from a year earlier.
  • With energy costs rising, households have
    been saving less of their take-home pay in recent
    months. But they have kept spending from
    accumulated wealth and by borrowing against
    wealth.
  • Household assets are rising at a healthy clip.
    That leaves consumers in good shape.

3
U.S. Household Net Worth
4
U.S. Household Assets
5
U.S. Household Assets
6
U.S. Household Assets
7
U.S. Household Debt
8
U.S. Household Home Equity
9
U.S. Household Debt
10
U.S. Household Debt
11
U.S. Household Debt
12
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