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Household total net is the net worth for individuals living together in a household and is used as a measure in economics to compare wealth. The household net worth is the value of total assets minus the total value of outstanding liabilities , which are current obligations of a household arising from past transactions or events.
You might assume that becoming a millionaire is something only a few achieve, but recent data shows that the average household net worth in the U.S. has surpassed $1 million.
Household net worth fell from 2007 to 2009 by a total of $17.5 trillion or 25.5%. This was the equivalent loss of one year of GDP. [63] By the fourth quarter of 2010, the household net worth had recovered by a growth of 1.3 percent to a total of $56.8 trillion.
Net worth per capita (PPP) Net worth per capita (exchange rates) Percent of world net worth (PPP) Percent of world net worth (exchange rates) Real GDP per capita (PPP) Real GDP per capita (exchange rates) Percent of world GDP (PPP) Percent of world GDP (exchange rates) Afghanistan 0.39 42.90 6,561 1,164 0.10 0.02 na 101 na 0.01 Armenia 0.05 64.44
The Federal Reserve has released its year-end reading of household net worth, as well as domestic nonfinancial debt, for 2013. The good news is that this is a record high. ... Still, household and ...
Despite the decline in household net worth, gross domestic product (GDP) rose 2.6 percent during the fourth quarter, which bested expectations of 2.2 percent by a Dow Jones survey of economists.
UBS publishes various statistics relevant for calculating net wealth. These figures are influenced by real estate prices, equity market prices, exchange rates, liabilities, debts, adult percentage of the population, human resources, natural resources and capital and technological advancements, which may create new assets or render others worthless in the future.
For those looking to have a more reasonable goal, a household net worth of $1.17 million will get you into the top 5%, and about $970,000 earning your household a spot in the top 10%.