American Household Net Wealth Achieves Record $94.8 Trillion

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Total U.S. household wealth rose by $2.3 trillion in the first quarter of 2017, reaching a new record level of $94.8 trillion, according to a report recently released by the Federal Reserve. With approximately 126 million households in the U.S., the average household net worth is right around $750,000. The lion’s share of this increase came from a sustained surge in stocks, riding the wave catalyzed by the election of president Donald J. Trump in November.

Every reasonable person would undoubtedly agree that this is a very good indication of the current and the future health of the U.S. economy, as individuals and corporations are acting on the increased economic optimism Americans feel in light of the change in Administration — a stark contrast to the 24/7 “doom-and-gloom” coverage that virtually all mainstream media outlets are currently “offering.”

What do you think? Is the U.S. economy headed in the right direction? Will the president continue to deliver on his campaign promises related to national economic recovery and growth? Let us know on Facebook or in the comments below.

About Patrick Stephens 163 Articles
Patrick is the founder and lead editor of the publication. Currently a pastor of many years by trade, Patrick served in the US Army and did his graduate work at both Miami University in Oxford, OH (Social Sciences) and the University of Dayton (Theology) — earning an advanced degree. He enjoys bringing a larger historical and philosophical perspective to his projects. Also, he likes comic books.