(click on chart to enlarge image)
As seen in the above-referenced CalculatedRisk post:
Household net worth was at $94.8 trillion in Q1 2017, up from $92.5 trillion in Q4 2016.As I have written in previous posts concerning this Household Net Worth (as a percent of GDP) topic:
The Fed estimated that the value of household real estate increased to $23.5 trillion in Q1. The value of household real estate is now above the bubble peak in early 2006 - but not adjusted for inflation, and this also includes new construction.
As one can see, the first outsized peak was in 2000, and attained after the stock market bull market / stock market bubbles and economic strength. The second outsized peak was in 2007, right near the peak of the housing bubble as well as near the stock market peak.also:
I could extensively write about various interpretations that can be made from this chart. One way this chart can be interpreted is a gauge of “what’s in it for me?” as far as the aggregated wealth citizens are gleaning from economic activity, as measured compared to GDP._____
The Special Note summarizes my overall thoughts about our economic situation
SPX at 2431.56 as this post is written