Americans’ wealth pushed further into record territory in the final quarter of last year, hitting nearly $100 trillion dollars(!) -- thanks to rising stock markets and real estate prices. Household net worth—the value of all assets such as stocks and real estate minus liabilities like mortgage and credit-card debt—rose more than $2 trillion dollars last quarter to an all-time record of $98.7 trillion dollars!
U.S. households also saw their net worth rise to nearly seven times their disposable personal income in 2017, swelling past earlier pre-recession peaks. While it all sounds like good news, it is also cause for some concern. Americans are suddenly not saving money like they were in 2015. Previous busts—like in the early and late 2000s—were preceded by similar periods of rising asset values and low saving. Today on Mastering Money, we'll do a complete rundown of the markets and the economy from multiple financial analysts, and compare the trends to previous bull and BEAR markets. You don't want to miss it! MASTERING MONEY is on the air!