1. As stock prices have shot up, household wealth has more than doubled in recent years. 2. A decade ago the bulk of household wealth was in property. 3. A key element in this disparity has been the very rapid growth of consumption resulting from the effects on spending of the remarkable rise in household wealth. 4. Broader measures of economic well-being, like household wealth, represent longer-term trends. 5. For all groups, the three most important components of household wealth are housing equity, holdings of stocks and mutual funds and private pension funds. 6. Household net wealth has risen due to higher home values and stock market gains. 7. If the stock market were less rewarding, it would generate less household wealth, spending would slow and the economy would expand at a less inflationary pace. 8. In certain Census tracts in south DeKalb, income levels, household wealth and educational levels exceed the metro average. 9. Second, prices for new cars and trucks have been stable while incomes and household net wealth have increased. 10. Six other tracts in south DeKalb also have household wealth above the regional average. |