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US Household wealth at new high.

 
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dmackto
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Joined: 03 Sep 2004
Posts: 719
Location: Florida
PostPosted: Fri Sep 17, 2004 2:54 am    Post subject: US Household wealth at new high. Reply with quote
More bad news for Kerry.

http://cnn.netscape.cnn.com/ns/news/story.jsp?id=2004091616140002567164&dt=20040916161400&w=RTR&coview=

Quote:
US household wealth swells to record in 2nd qtr--Fed


WASHINGTON, Sept 16 (Reuters) - U.S. household wealth swelled to a new record in the second quarter of 2004, while borrowing outside the financial sector grew at a slower pace, the Federal Reserve said on Thursday.

In its quarterly "Flow of Funds" report, the Fed said household balance sheets increased 1.4 percent to $45.907 trillion in the second quarter, compared with an upwardly revised $45.270 trillion in the first quarter of this year.

First-quarter household wealth was initially reported at $45.153 trillion, which had been a record high.

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neverforget
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Joined: 18 Jul 2004
Posts: 875
PostPosted: Fri Sep 17, 2004 3:53 am    Post subject: Reply with quote
Bush's fault.
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