US Flow of Funds: US Household Wealth June 7, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 480-663-1333 djohnson@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box
Table Of Contents Table Of Contents Net Worth 1-2 Assets 3-5 Liabilities 6 IRAs 7 June 7, 2018 / US Household Wealth www.
111.6 89.6 67.6 Figure 1. US HOUSEHOLDS: NET WORTH (trillion dollars, ratio scale) Net Worth 111.6 89.6 67.6 45.6 45.6 23.6 Net Worth (100.8) 23.6 1.6 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20 1.6 7.0 Figure 2. US HOUSEHOLDS: NET WORTH (as a ratio of disposable personal income) 7.0 6.5 6.5 6.0 Net Worth (6.8) 6.0 5.5 5.5 5.0 5.0 4.5 4.5 4.0 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20 4.0 Source: Federal Reserve Board Financial Accounts of the United States and Bureau of Economic Analysis. Page 1 / June 7, 2018 / US Household Wealth www.
140.2 112.2 84.2 Figure 3. Net Worth US HOUSEHOLDS: NET WORTH, ASSETS, & LIABILITIES (trillion dollars, ratio scale) 140.2 112.2 84.2 56.2 56.2 28.2 28.2 Assets (116.3) Net Worth (100.8) Liabilities (15.6).2 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20.2 8 Figure 4. US HOUSEHOLDS: ASSETS & LIABILITIES (as a ratio of disposable personal income) 8 6 6 4 4 Assets (7.9) Liabilities (1.1) 2 2 0 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20 0 Source: Federal Reserve Board Financial Accounts of the United States and Bureau of Economic Analysis. Page 2 / June 7, 2018 / US Household Wealth www.
100.5 80.5 60.5 Figure 5. US HOUSEHOLDS: SELECTED ASSETS (trillion dollars, ratio scale) Assets 100.5 80.5 60.5 40.5 20.5 Household Assets Financial (81.7) Nonfinancial (34.6) 40.5 20.5.5 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20.5 Figure 6. 30.1 2 US HOUSEHOLDS: SELECTED ASSETS 20.1 (trillion dollars, ratio scale) 1 30.1 2 20.1 1 Household Assets Equity Shares at Market Value (29.4) Deposits (11.7) Debt Securities (4.8).1 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20.1 Page 3 / June 7, 2018 / US Household Wealth www.
Figure 7. 30.3 25.3 US HOUSEHOLDS: SELECTED ASSETS 20.3 (trillion dollars, ratio scale) 15.3 10.3 Assets 30.3 25.3 20.3 15.3 10.3 Equity Shares at Market Value (29.4) 5.3 5.3.3 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20.3 Figure 8. 30.1 2 US HOUSEHOLDS: SELECTED ASSETS 20.1 (trillion dollars, ratio scale) 1 30.1 2 20.1 1 Household Assets Equity Shares at Market Value (29.4) Directly Held (17.6) Indirectly Held (11.8).1 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20.1 Page 4 / June 7, 2018 / US Household Wealth www.
24 22 Figure 9. US HOUSEHOLDS: SELECTED ASSETS (trillion dollars) Assets 24 22 20 18 16 Household Assets Corporate Equities: Directly Held (17.6) Owners Equity in Household Real Estate (15.0) Equity in Noncorporate Business (11.9) Mutual Fund Shares (8.7) Pension Entitlements (23.3) 20 18 16 14 14 12 12 10 10 8 8 6 6 4 4 2 0 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20 0 2 45 40 35 30 25 Figure 10. US HOUSEHOLDS: SELECTED ASSETS (percent of assets) Corporate Equities: Directly Held (17.5) Owners Equity in Household Real Estate (14.8) Equity in Noncorporate Business (11.8) Mutual Fund Shares (8.6) Pension Fund Reserves (23.1) 45 40 35 30 25 20 15 20 15 10 10 5 5 0 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20 0 Page 5 / June 7, 2018 / US Household Wealth www.
12.1 8.1 Figure 11. US HOUSEHOLDS: HOME MORTGAGE DEBT* (trillion dollars, nsa, ratio scale) Liabilities 12.1 8.1 6.1 6.1 4.1 4.1 2.1 2.1.1 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20.1 * Includes home equity loans and second mortgages. 76 74 Figure 12. US HOUSEHOLDS: HOME MORTGAGE DEBT* (as a percent of total liabilities) 76 74 72 72 70 70 68 68 66 64 66 64 62 62 60 60 58 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20 58 * Includes home equity loans and second mortgages. Page 6 / June 7, 2018 / US Household Wealth www.
4.1 3.1 2.1 IRAs Figure 13. 9.1 Q4 8.1 US HOUSEHOLDS: TOTAL INDIVIDUAL RETIREMENT ACCOUNTS 7.1 6.1 (trillion dollars, ratio scale) 9.1 8.1 7.1 6.1 4.1 3.1 2.1 1.1 1.1.1 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20.1 Page 7 / June 7, 2018 / US Household Wealth www.
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