Wednesday, September 24, 2014

Household Net Worth Just Hit A Record High: Here Is Who Benefited

http://www.zerohedge.com/news/2014-09-24/household-net-worth-just-hit-record-high-here-who-benefited

If the US economy had boosted everyone's income by $1.4 trillion in the past quarter, USD GDP would now be growing at a double digit pace. It did not. So to get a sense of just whose net worth rose by the noted amount, we go to Stone McCarthy which answers the question who benefited from holding stocks directly. Bottom line: the gains in net worth associated with holding stocks directly have been concentrated among a relatively small number of households.

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