1.   In most economies the bulk of net worth is attributable to the personal sector, i.e. private individuals.

2.   Note that financial assets and liabilities cancel one another out, thus making net worth equal to the value of physical assets.

3.   They are generally high net worth individuals willing to invest their own savings in small businesses.

4.   Under federal deposit insurance regulations, Rapaport agreed to guarantee that the thrift met federal net worth requirements.

5.   Liabilities are recorded at book value so that the book value of net worth is zero.

6.   With this balance sheet, both assets and liabilities are recorded at their original costs, and again the book value of net worth is zero.

7.   Hence an expenditure tax is a tax on the difference between net income and the change in net worth.

8.   The final main distinction is between flow payments of costs and their capitalization into current net worth.

9.   Although income has grown by moderate amounts, the booming stock market has caused a substantial rise in net worth.

10.   American consumers are on a spending spree, egged on by a wealth effect based on how much a rising market has added to their net worth.