Household Net Worth is Down Unless You’re Part of the Top 10%

❝ One important reason why the expansion since 2009 has been so weak is that wealth gains have been unevenly distributed, see chart above. A decline in the homeownership rate and the number of households holding stocks has dampened consumer spending growth for the bottom 90% of households.

From Torsten Sløk

Thanks to Barry Ritholtz

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