American Household Wealth At New High

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Just thought this was interesting.

(excerpt) WASHINGTON, March 10 (Reuters) - Rising real estate prices and a resurgent U.S. stock market pushed the net wealth of American households to a record $48.53 trillion in the fourth quarter of 2004, the Federal Reserve said on Thursday.

In its quarterly "Flow of Funds" report, the central bank said household balance sheet values rose nearly $2 trillion above $46.59 trillion in the third quarter. U.S. household net worth pierced a new record in each of 2004's four quarters.

Higher values for real estate, equities and mutual funds led the fourth quarter net worth jump, the Fed said. Pension fund reserves and Treasury securities also posted big gains.(end excerpt)

http://www.reuters.com/printerFriend...toryID=7868333