U.S. Household Wealth Hits a Record in First Quarter [$108.6 trillion]

[Hamartia Antidote]

https://www.bloomberg.com/news/arti...-household-wealth-hits-record-as-stocks-surge

U.S. household wealth rebounded to a record in the first quarter as the stock market recovered from a plunge in the prior period, supporting consumers after Federal Reserve interest-rate hikes and trade-war shocks rattled investors late last year.

Net worth for households and non-profit groups increased by $4.69 trillion, or 4.5%, to $108.6 trillion after a 3.7% drop in the prior period, Federal Reserve data showed Thursday. Household debt growth slowed to a 2.3% annual pace, the least since late 2015, from a 2.8% rate in the prior quarter.

 

[Hamartia Antidote]

https://seekingalpha.com/news/3469621-u-s-household-net-worth-makes-biggest-quarterly-gain-14-years

U.S. household net worth makes biggest quarterly gain in 14 years

 

[Vassnti]

And the same goes for the Russian article

Rank Name Net worth (USD) Age Sources of wealth
1 Jeff Bezos $131.4 billion 54 Amazon.com
2 Bill Gates $96.4 billion 62 Microsoft, Cascade Investment
3 Warren Buffett $82.6 billion 88 Berkshire Hathaway
4 Larry Ellison $62.4 billion 74 Oracle
5 Mark Zuckerberg $62.1 billion 35 Facebook
6 Larry Page $60 billion 46 Google
7 Charles Koch $50.4 billion 83 Koch Industries
7 David Koch $50.4 billion 78 Koch Industries
9 Sergey Brin $49.9 billion 45 Alphabet
10 Michael Bloomberg $48.7 billion 77 Bloomberg L.P.
11 Jim Walton $44.6 billion 70 Walmart, inherited
12 S. Robson Walton $44.3 billion 74 Walmart, inherited
13 Alice Walton $44.4 billion 69 Walmart, inherited
14 Steve Ballmer $41.2 billion 63 Microsoft, LA Clippers
15 Sheldon Adelson $35.1 billion 85 Las Vegas Sands Corp.

Just because Jeff Bezos had a good year doesn't mean its good for everyone, a country where one man has 131 billion yet children go hungry.

America's 13.1 million households with children that often go without food
https://edition.cnn.com/2017/06/09/health/champions-for-change-child-hunger-in-america/index.html

 

[Hamartia Antidote]

Just because Jeff Bezos had a good year doesn't mean its good for everyone, a country where one man has 131 billion yet children go hungry.

America's 13.1 million households with children that often go without food
https://edition.cnn.com/2017/06/09/health/champions-for-change-child-hunger-in-america/index.html

There are not many countries on this planet where no children go hungry. We have programs in place to solve this.

BTW your 13.1M number should be taken with a grain of salt just like the numbers for Australia. Seems the number of Billionaires doesn’t make a difference.

https://www.forbes.com/sites/paulro...are-one-in-five-american-children-hungry/amp/
Are One In Five American Children Hungry?


https://mobile.abc.net.au/news/2018...ffer-from-food-insecurity/9653532?pfmredir=sm
Australian children going hungry, report finds, with one in five kids missing meals

 

[TheTruth]

Shameless.

 

[VCheng]

Shameless.

Just think of it as a national dieting plan for the fat, lazy and dumb Murrikans.

 

[Hamartia Antidote]

https://www.inman.com/2019/04/04/median-home-price-hits-a-new-record-300000/


Median home price hits a new record: $300,000

 

[nahtanbob]

Just think of it as a national dieting plan for the fat, lazy and dumb Murrikans.

 

[gambit]

Shameless.

Am guilty as charged. Spent too much money on AR-15s, bike parts, booze, and hookers.

 

[VCheng]

Am guilty as charged. Spent too much money on AR-15s, bike parts, booze, and hookers.

.... and the rest of the money you wasted.

 

[TruthSeeker]

What is with Libya showing up as the lone African state in the green? I thought that Libya was still a virtually lawless state.

As for many 'Muricans saying they didn't have enough money to buy the food they needed, it is because of a shortage in yellow fin tuna sushi in Chicago and other mid-western cities driving prices through the roof. Also, the cost of 10 GigaBbyte cell phone data plans has squeezed out the discretionary funds for buying Kobe beef (Wagyu)hamburgers that our families need.

 

[gambit]

What is with Libya showing up as the lone African state in the green? I thought that Libya was still a virtually lawless state.

As for many 'Muricans saying they didn't have enough money to buy the food they needed, it is because of a shortage in yellow fin tuna sushi in Chicago and other mid-western cities driving prices through the roof. Also, the cost of 10 GigaBbyte cell phone data plans has squeezed out the discretionary funds for buying Kobe beef (Wagyu)hamburgers that our families need.

Sushi...??? I go broke for tomahawk ribeye...One in each hand...!!!

 

[James David]

Just think of it as a national dieting plan for the fat, lazy and dumb Murrikans.

How are you Grandpa @VCheng ?

Am guilty as charged. Spent too much money on AR-15s, bike parts, booze, and hookers.

Hey @gambit I'm guilty too...

What is with Libya showing up as the lone African state in the green? I thought that Libya was still a virtually lawless state.

As for many 'Muricans saying they didn't have enough money to buy the food they needed, it is because of a shortage in yellow fin tuna sushi in Chicago and other mid-western cities driving prices through the roof. Also, the cost of 10 GigaBbyte cell phone data plans has squeezed out the discretionary funds for buying Kobe beef (Wagyu)hamburgers that our families need.

 

[gambit]

Hey @gambit I'm guilty too...

View attachment 567084

Nice bike...!!! Mine is a black '98 Buell S1.

 

[James David]

Nice bike...!!! Mine is a black '98 Buell S1.

hey I'm riding with the wife!!! Die with envy guys!!!

That red thingy is my baby @gambit ... I know... I know don't you dare say it!!!