U.S. Households' Net Worth Is 6 Times Higher than GDP of the US, New All-Time High

When compared to GDP, households are richer than they were before the 2008 crisis.

Image Source: themarketear.com

The U.S. households are now richer than they have ever been, The Market Ear reports. Households’ net worth is now 6 times the country's nominal GDP. This is the maximum gap for the entire observation period.

It should be noted that, to a certain extent, this indicator was influenced by households being in money-saving mode: the personal saving rate surged to the record of 26% in the second quarter of 2020, compared to 9.6% in the first quarter.

#US #Chart #All-time highs #US Economy #GDP

Sergey Diakov E-mail

Sergey is a Bachelor of Economics and Master of Foreign Trade, so he understands macroeconomics and how it affects markets. He is fond of the stock markets, especially the US, as the most developed.