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== The Wealth Effect == | == The Wealth Effect == | ||
<ref>https://www.investopedia.com/articles/investing/012714/study-wealth-effect-and-economy.asp#citation-5</ref> | <ref>https://www.investopedia.com/articles/investing/012714/study-wealth-effect-and-economy.asp#citation-5</ref> | ||
== Developments == | == Developments == | ||
{| class="wikitable" | |||
! rowspan="2" |Date<ref>https://fred.stlouisfed.org/series/BOGZ1FL192090005Q</ref> | |||
! colspan="5" |Household Net Worth | |||
|- | |||
!Millions | |||
!Millions Q/Q | |||
!Millions Y/Y | |||
!Q/Q | |||
!Y/Y | |||
|- | |||
|2024-01-01 | |||
|151,682,478 | |||
|4,990,447 | |||
|12,741,399 | |||
|3.40 | |||
|9.17 | |||
|- | |||
|2023-10-01 | |||
|146,692,031 | |||
|4,062,809 | |||
|10,878,308 | |||
|2.85 | |||
|8.01 | |||
|- | |||
|2023-07-01 | |||
|142,629,222 | |||
| -1,380,471 | |||
|7,835,419 | |||
| -0.96 | |||
|5.81 | |||
|- | |||
|2023-04-01 | |||
|144,009,693 | |||
|5,068,614 | |||
|5,894,208 | |||
|3.65 | |||
|4.27 | |||
|- | |||
|2023-01-01 | |||
|138,941,079 | |||
|3,127,356 | |||
| -4,767,833 | |||
|2.30 | |||
| -3.32 | |||
|- | |||
|2022-10-01 | |||
|135,813,723 | |||
|1,019,920 | |||
| -5,877,347 | |||
|0.76 | |||
| -4.15 | |||
|- | |||
|2022-07-01 | |||
|134,793,803 | |||
| -3,321,682 | |||
| -3,407,576 | |||
| -2.41 | |||
| -2.47 | |||
|- | |||
|2022-04-01 | |||
|138,115,485 | |||
| -5,593,427 | |||
|2,936,379 | |||
| -3.89 | |||
|2.17 | |||
|- | |||
|2022-01-01 | |||
|143,708,912 | |||
|2,017,842 | |||
|14,920,037 | |||
|1.42 | |||
|11.58 | |||
|- | |||
|2021-10-01 | |||
|141,691,070 | |||
|3,489,691 | |||
|17,796,964 | |||
|2.53 | |||
|14.36 | |||
|- | |||
|2021-07-01 | |||
|138,201,379 | |||
|3,022,273 | |||
|22,302,857 | |||
|2.24 | |||
|19.24 | |||
|- | |||
|2021-04-01 | |||
|135,179,106 | |||
|6,390,231 | |||
|23,538,016 | |||
|4.96 | |||
|21.08 | |||
|- | |||
|2021-01-01 | |||
|128,788,875 | |||
|4,894,769 | |||
|24,854,702 | |||
|3.95 | |||
|23.91 | |||
|- | |||
|2020-10-01 | |||
|123,894,106 | |||
|7,995,584 | |||
|13,719,322 | |||
|6.90 | |||
|12.45 | |||
|- | |||
|2020-07-01 | |||
|115,898,522 | |||
|4,257,432 | |||
|9,041,137 | |||
|3.81 | |||
|8.46 | |||
|- | |||
|2020-04-01 | |||
|111,641,090 | |||
|7,706,917 | |||
|5,422,334 | |||
|7.42 | |||
|5.10 | |||
|- | |||
|2020-01-01 | |||
|103,934,173 | |||
| -6,240,611 | |||
| -257,279 | |||
| -5.66 | |||
| -0.25 | |||
|- | |||
|2019-10-01 | |||
|110,174,784 | |||
|3,317,399 | |||
|11,949,587 | |||
|3.10 | |||
|12.17 | |||
|} | |||
[[File:Screenshot 2023-11-08 101805.png|center|thumb|1009x1009px|https://www.federalreserve.gov/releases/z1/dataviz/z1/changes_in_net_worth/chart/]] | [[File:Screenshot 2023-11-08 101805.png|center|thumb|1009x1009px|https://www.federalreserve.gov/releases/z1/dataviz/z1/changes_in_net_worth/chart/]] | ||
{| class="wikitable" | {| class="wikitable" | ||
| Line 13: | Line 150: | ||
!Other | !Other | ||
|- | |- | ||
|'''2024:Q1''' | |||
|5, | |5,116.58 | ||
| | |3,826.10 | ||
| | |50.892 | ||
| | |906.8 | ||
| | |332.784 | ||
|- | |- | ||
|'''2023:Q4''' | |||
|3, | |3,954.18 | ||
| | |4,094.39 | ||
| | |620.533 | ||
| - | | -635.897 | ||
| | | -124.84 | ||
|- | |- | ||
|'''2023:Q3''' | |||
|1, | | -1,411.31 | ||
| | | -1,679.41 | ||
| | | -22.288 | ||
| | |411.03 | ||
| - | | -120.64 | ||
|- | |- | ||
|'''2023:Q2''' | |||
| | |5,286.36 | ||
| | |2,429.36 | ||
| | |204.468 | ||
| | |2,310.33 | ||
| | |342.209 | ||
|- | |- | ||
|'''2023:Q1''' | |||
| | |3,216.06 | ||
| | |2,550.01 | ||
| | |819.771 | ||
| | | -103.825 | ||
| | | -49.895 | ||
|- | |- | ||
|'''2022:Q4''' | |||
| | |1,109.73 | ||
| | |2,248.10 | ||
| | |725.775 | ||
| | | -955.136 | ||
| | | -909.01 | ||
|- | |- | ||
|'''2022:Q3''' | |||
|3, | | -3,216.51 | ||
|1, | | -1,769.15 | ||
| | |248.261 | ||
| | | -1,254.37 | ||
| | | -441.25 | ||
|- | |- | ||
|'''2022:Q2''' | |||
| | | -5,554.33 | ||
| | | -7,756.87 | ||
| - | | -317.84 | ||
| | | 2,318.74 | ||
| | | 201.65 | ||
|- | |- | ||
|'''2022:Q1''' | |||
| | | 2,042.48 | ||
| | | -2,051.46 | ||
| | | -303.58 | ||
| | |3,608.93 | ||
| | |788.58 | ||
|- | |- | ||
|'''2021:Q4''' | |||
| | |3,790.20 | ||
| | | 1,938.94 | ||
| - | | -236.28 | ||
| | |897.669 | ||
|1, | |1,189.88 | ||
|- | |- | ||
|'''2021:Q3''' | |||
| | |3,384.10 | ||
| | |83.234 | ||
| | | 183.107 | ||
|1, | |1,995.61 | ||
|1, | |1,122.15 | ||
|- | |- | ||
|'''2021:Q2''' | |||
| | |6,638.53 | ||
| | |3,338.08 | ||
| | | 224.47 | ||
| | |2,340.96 | ||
| | |735.028 | ||
|- | |- | ||
|'''2021:Q1''' | |||
| | |5,049.58 | ||
| | |2,788.15 | ||
| - | | -539.64 | ||
| | |1,350.82 | ||
|1, | |1,450.26 | ||
|- | |- | ||
|'''2020:Q4''' | |||
| | |8,290.49 | ||
| | |5,726.79 | ||
| | | 282.828 | ||
| | |1,081.87 | ||
|1, | |1,199.01 | ||
|- | |- | ||
|'''2020:Q3''' | |||
| | |4,504.27 | ||
|2, | |2,881.22 | ||
| | |108.288 | ||
| | |856.758 | ||
| | |658.001 | ||
|- | |- | ||
|'''2020:Q2''' | |||
| | |7,859.19 | ||
| | |5,797.77 | ||
| | | -24.954 | ||
| | |674.991 | ||
| | |1,411.38 | ||
|- | |- | ||
|'''2020:Q1''' | |||
| | | -6,141.62 | ||
| | | -7,867.50 | ||
| | | -399.5 | ||
| | |709.124 | ||
| | |1,416.25 | ||
|- | |- | ||
|'''2019:Q4''' | |||
| | | 3,404.95 | ||
| | | 2,426.01 | ||
| | | 2.378 | ||
| | |338.841 | ||
| | |637.727 | ||
|- | |- | ||
|'''2019:Q3''' | |||
| -3, | |705.899 | ||
| -4, | | -180.408 | ||
| | | 188.189 | ||
| | |278.992 | ||
| | |419.126 | ||
|- | |||
|'''2019:Q2''' | |||
|2,258.01 | |||
| 925.877 | |||
|477.941 | |||
|535.701 | |||
|318.495 | |||
|- | |||
|'''2019:Q1''' | |||
|6,218.25 | |||
|4,235.45 | |||
|343.621 | |||
|633.497 | |||
|1,005.69 | |||
|- | |||
|'''2018:Q4''' | |||
| -3,838.87 | |||
| -4,497.24 | |||
|71.401 | |||
|243.205 | |||
|343.765 | |||
|} | |} | ||
| Line 676: | Line 834: | ||
[[File:HHL.png|center|thumb|1014x1014px|https://fred.stlouisfed.org/series/CDCABSHNO#]] | [[File:HHL.png|center|thumb|1014x1014px|https://fred.stlouisfed.org/series/CDCABSHNO#]] | ||
{| class="wikitable" | {| class="wikitable" | ||
!Date | !Date<ref>https://docs.google.com/spreadsheets/d/1N51KI9mZ2KnbWEjshyKDPpuLdAOJORc3OHO0yAsBcHg/edit?gid=1673787085#gid=1673787085&range=A1</ref> | ||
! colspan="5" |Households and Nonprofit Organizations; | ! colspan="5" |Households and Nonprofit Organizations; | ||
Checkable Deposits and Currency<ref>https://fred.stlouisfed.org/series/CDCABSHNO</ref> | Checkable Deposits and Currency<ref>https://fred.stlouisfed.org/series/CDCABSHNO</ref> | ||
| Line 721: | Line 879: | ||
NSA | NSA | ||
|- | |||
|2024-04-01 | |||
|4,514 | |||
|5.00 | |||
| -1.00 | |||
|235 | |||
| -56 | |||
|9,739 | |||
| -1.00 | |||
| -1.00 | |||
| -91 | |||
| -105 | |||
|4,025 | |||
|1.00 | |||
|18.00 | |||
|42 | |||
|603 | |||
|- | |||
|2024-01-01 | |||
|4,279 | |||
|1.00 | |||
| -6.00 | |||
|49 | |||
| -272 | |||
|9,830 | |||
|0.00 | |||
| -4.00 | |||
|43 | |||
| -434 | |||
|3,983 | |||
|5.00 | |||
|29.00 | |||
|183 | |||
|903 | |||
|- | |||
|2023-10-01 | |||
|4,229 | |||
| -6.00 | |||
| -13.00 | |||
| -258 | |||
| -605 | |||
|9,787 | |||
|1.00 | |||
| -5.00 | |||
|65 | |||
| -556 | |||
|3,799 | |||
|5.00 | |||
|30.00 | |||
|192 | |||
|882 | |||
|- | |||
|2023-07-01 | |||
|4,488 | |||
| -2.00 | |||
| -4.00 | |||
| -82 | |||
| -191 | |||
|9,722 | |||
| -1.00 | |||
| -9.00 | |||
| -122 | |||
| -962 | |||
|3,608 | |||
|5.00 | |||
|27.00 | |||
|186 | |||
|777 | |||
|- | |- | ||
|2023-04-01 | |2023-04-01 | ||
|4, | |4,570 | ||
| | | 0.00 | ||
| | | 5.00 | ||
| | | 20 | ||
| | | 209 | ||
|9, | |9,844 | ||
| - | | -4.00 | ||
| - | | -11.00 | ||
| - | | -420 | ||
| - | | -1,271 | ||
|3, | |3,422 | ||
| | |11.00 | ||
| | |23.00 | ||
| | |342 | ||
| | |645 | ||
|- | |- | ||
|2023-01-01 | |2023-01-01 | ||
|4, | |4,550 | ||
| | | -6.00 | ||
| | |10.00 | ||
| | | -284 | ||
| | |403 | ||
| | |10,264 | ||
| - | | -1.00 | ||
| - | | -7.00 | ||
| - | | -79 | ||
| - | | -800 | ||
|3, | |3,080 | ||
| | |6.00 | ||
| | |10.00 | ||
| | |163 | ||
| | |277 | ||
|- | |- | ||
|2022-10-01 | |2022-10-01 | ||
|4, | |4,834 | ||
| | | 3.00 | ||
| | |23.00 | ||
| | | 156 | ||
| | |899 | ||
|10, | |10,343 | ||
| - | | -3.00 | ||
| - | | -4.00 | ||
| - | | -341 | ||
| - | | -397 | ||
| | |2,917 | ||
| | |3.00 | ||
| | |8.00 | ||
| | |87 | ||
| | |211 | ||
|- | |- | ||
|2022-07-01 | |2022-07-01 | ||
|4, | |4,678 | ||
| | |7.00 | ||
|21. | |21.00 | ||
| | |318 | ||
| | |816 | ||
|10, | |10,684 | ||
| - | | -4.00 | ||
| | | 1.00 | ||
| - | | -431 | ||
| | | 80 | ||
|2, | |2,831 | ||
| | |2.00 | ||
| | |2.00 | ||
| | |54 | ||
| | |62 | ||
|- | |- | ||
|2022-04-01 | |2022-04-01 | ||
|4, | |4,361 | ||
| | |5.00 | ||
| | |23.00 | ||
| | |213 | ||
| | |810 | ||
| | |11,115 | ||
| | | 0.00 | ||
| | |3.00 | ||
| | | 52 | ||
| | |302 | ||
|2, | |2,777 | ||
|1. | | -1.00 | ||
| | |0.00 | ||
| | | -26 | ||
| | | -5 | ||
|- | |- | ||
|2022-01-01 | |2022-01-01 | ||
|4, | |4,148 | ||
|5. | |5.00 | ||
|30.00 | |||
|212 | |||
|964 | |||
|30. | |||
| | |||
| | |||
|11,064 | |11,064 | ||
|3. | |3.00 | ||
|7. | |7.00 | ||
|324 | |324 | ||
|764 | |764 | ||
|2, | |2,803 | ||
| | | 4.00 | ||
|4. | | 4.00 | ||
|97 | | 97 | ||
| | | 114 | ||
|- | |- | ||
|2021- | |2021-10-01 | ||
|3, | |3,935 | ||
| | |2.00 | ||
|101. | |101.00 | ||
| | |73 | ||
|1,979 | |1,979 | ||
|10,740 | |10,740 | ||
|1. | |1.00 | ||
| | |0.00 | ||
|136 | |136 | ||
| -44 | | -44 | ||
|2, | |2,706 | ||
| -2. | | -2.00 | ||
| - | | -3.00 | ||
| - | | -63 | ||
| - | | -79 | ||
|- | |- | ||
|2021- | |2021-07-01 | ||
|3, | |3,863 | ||
| | |9.00 | ||
|123. | |123.00 | ||
| | |312 | ||
|2,132 | |2,132 | ||
|10,604 | |10,604 | ||
| - | | -2.00 | ||
| - | | -1.00 | ||
| -209 | | -209 | ||
| -88 | | -88 | ||
|2, | |2,769 | ||
| | | 0.00 | ||
| -6. | | -6.00 | ||
| -13 | | -13 | ||
| - | | -179 | ||
|- | |- | ||
|2021- | |2021-04-01 | ||
|3,551 | |3,551 | ||
| | |12.00 | ||
|171. | |171.00 | ||
|367 | |367 | ||
|2, | |2,242 | ||
|10,813 | |10,813 | ||
| | | 5.00 | ||
|6. | | 6.00 | ||
|513 | | 513 | ||
|642 | | 642 | ||
|2, | |2,782 | ||
|3. | | 3.00 | ||
| | | 2.00 | ||
|92 | | 92 | ||
|48 | | 48 | ||
|- | |- | ||
| | |2021-01-01 | ||
|3,184 | |3,184 | ||
| | |63.00 | ||
|165. | |165.00 | ||
|1,227 | |1,227 | ||
|1,983 | |1,983 | ||
|10,300 | |10,300 | ||
| -4. | | -4.00 | ||
| | |5.00 | ||
| -484 | | -484 | ||
|455 | |455 | ||
|2, | |2,689 | ||
| -3. | | -3.00 | ||
|18. | |18.00 | ||
| -95 | | -95 | ||
| | |418 | ||
|- | |||
|2020-10-01 | |||
|1,957 | |||
|13.00 | |||
|109.00 | |||
|226 | |||
|1,018 | |||
|10,784 | |||
| 1.00 | |||
|12.00 | |||
| 92 | |||
|1,121 | |||
|2,785 | |||
| -6.00 | |||
|30.00 | |||
| -164 | |||
|635 | |||
|- | |||
|2020-07-01 | |||
|1,731 | |||
|32.00 | |||
|53.00 | |||
|423 | |||
|597 | |||
|10,692 | |||
|5.00 | |||
|13.00 | |||
|520 | |||
|1,236 | |||
|2,949 | |||
|8.00 | |||
|55.00 | |||
|215 | |||
|1,041 | |||
|- | |||
|2020-04-01 | |||
|1,309 | |||
|9.00 | |||
| 5.00 | |||
|107 | |||
| 59 | |||
|10,171 | |||
|3.00 | |||
|8.00 | |||
|326 | |||
|723 | |||
|2,734 | |||
|20.00 | |||
|40.00 | |||
|462 | |||
|787 | |||
|- | |- | ||
| | |2020-01-01 | ||
|1,201 | |1,201 | ||
| | |28.00 | ||
| | |3.00 | ||
|263 | |263 | ||
|35 | |35 | ||
|9,845 | |9,845 | ||
| | |2.00 | ||
|6. | |6.00 | ||
|182 | |182 | ||
|577 | |577 | ||
|2, | |2,272 | ||
| | |6.00 | ||
|24. | |24.00 | ||
|122 | |122 | ||
| | |445 | ||
|- | |- | ||
| | |2019-10-01 | ||
|938 | |||
| -17.00 | |||
| -15.00 | |||
| -196 | |||
| -171 | |||
|9,663 | |||
|2.00 | |||
|6.00 | |||
|208 | |||
|509 | |||
|2,150 | |||
| 13.00 | |||
| 30.00 | |||
| 242 | |||
| 492 | |||
|- | |||
|2019-07-01 | |||
|1,134 | |||
| -9.00 | |||
| -12.00 | |||
| -116 | |||
| -161 | |||
|9,456 | |||
|0.00 | |||
|4.00 | |||
|7 | |||
|349 | |||
|1,908 | |||
| -2.00 | |||
|15.00 | |||
| -39 | |||
|248 | |||
|- | |||
|2019-04-01 | |||
|1,250 | |||
| 7.00 | |||
| -13.00 | |||
| 84 | |||
| -184 | |||
|9,448 | |||
|2.00 | |||
|4.00 | |||
|181 | |||
|406 | |||
|1,946 | |||
|7.00 | |||
| 20.00 | |||
|120 | |||
| 325 | |||
|- | |||
|2019-01-01 | |||
|1,166 | |1,166 | ||
|5. | |5.00 | ||
| -13. | | -13.00 | ||
| | |57 | ||
| -175 | | -175 | ||
|9,268 | |9,268 | ||
|1. | | 1.00 | ||
| | |5.00 | ||
|114 | | 114 | ||
|431 | |431 | ||
|1, | |1,826 | ||
| | |10.00 | ||
|10. | | 10.00 | ||
| | |168 | ||
| | | 173 | ||
|- | |- | ||
| | |2018-10-01 | ||
|1, | |1,109 | ||
| -14.00 | |||
| -9.00 | |||
| -186 | |||
| -116 | |||
|9,154 | |||
|1.00 | |||
|4.00 | |||
|- | |||
| - | |||
| - | |||
| - | |||
| | |||
|1. | |||
| | |||
|47 | |47 | ||
| | |348 | ||
|1,658 | |||
|0.00 | |||
|5.00 | |||
| -1 | |||
|1, | |||
|0. | |||
| | |||
| - | |||
|81 | |81 | ||
|} | |} | ||
== References == | == References == | ||