Take household net worth, then remove the effects of inflation and population growth to get real net worth per capita.
And this doesn't communicate the widening disparity between the haves and have nots (i.e. the bottom 90% have MUCH less net worth now in real terms than in the recent past).
Source: Federal Reserve (hat tip reader Bryan Keller)
Thursday, August 13, 2009
Net Worth = Net Negative over Past Ten Years
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Is there a factor to back out the bubble effect of the late 90's and mid-aughts?
ReplyDeleteLooking at the data points from the 80's through mid-90's, 2003 and 2008 shows a more realistic curve which probably represents true values.
one more thought: the irony that the 2003 valley between the bubbles might have actually been the apex of true worth might be something worth considering...
ReplyDeleteJake, is there any graphic you can display to illustrate the difference in wealth betwen the top X% and the majority? Would love to see it.
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