Household Wealth Quotes

Housing wealth - the net equity held by households, consisting of the value of their homes minus their mortgage debt - is the most important source of wealth for all but those at the very top.

The financial wealth of the top 1 percent of households in the U.S. exceeds the combined wealth of the bottom 95 percent.

Disciples of Keynes, who focus on aggregate demand, view any increase in household wealth as raising employment because they say it adds to consumer demand.

Faith is hidden household capital.

The lower half of households by wealth held just 3% of wealth in 1989 and only 1% in 2013.

Many savers are also homeowners; indeed, a family's home may be its most important financial asset. Many savers are working, or would like to be.

[A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions. ...the wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013

From the peak in 2007 to the trough in 2009, Americans lost $11 trillion of net worth for households and businesses.

I think everybody benefitted from what I am calling a bubble finance system, a bubble economy and if we're ever going to right the system, we're going to have to stop this explosion of the federal debt. We need huge spending cuts, OK? Don't get me wrong, we need to raise regular taxes too but even beyond that it's not going to hurt if we want to reset the system to ask those who have benefitted disproportionately - remember, we got $60 trillion of net worth in the household sector. $45 trillion of that belongs to the top 5 percent.