Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Household net worth surged a record $7.6 trillion in the second quarter to its highest level ever, according to Federal ReserveThe gains were mostly fueled by the stock market's rapid bounce-back and relief spending included in March's CARES Act.
New data also shows businesses and the government shouldering the majority of new nonfinancial debt through the pandemic. While household debt climbed by just $17 billion, the government took on roughly $2.9 trillion in debt over the quarter.The net worth of US households surged to a record high in the second quarter as the economy began to stabilize and recover from the coronavirus pandemic.
The quarter's wealth jump was primarily driven by the rallying stock market and the $2.2 trillion CARES Act. Corporate equity gains accounted for more than $5.7 trillion of the leap. Stimulus in the March spending bill, including economic relief checks and expanded unemployment benefits, helped prop up consumer spending and keep small businesses afloat.
The Fed's net worth metric tracks households' difference between assets and liabilities. Assets can range from investment vehicles to savings accounts, while liabilities include mortgage balances and credit card debt.
More stimulus!
Fake growth - corp socialism
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Dow futures sink 500 points, adding to the market's 3-week losing streakU.S. stock futures fell sharply early Monday, as uncertainty over the future of the U.S. Supreme Court and the possibility of additional stimulus rattled investors. USA just surpassed UK for “number of deaths per million population”. Now USA is in the “worst ten” worldwide. Trump’s wrong decision of downplaying the truth is killing every day thousands of Americans. Makes you wonder if the lies and senseless deaths were worth it for trump 🤔😏
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11 programs that help first-time homebuyers get a mortgage - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Yes! There are so many local, state, and federal programs out there to help out first time homebuyers!
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Stock market signaling tightening US presidential election: Goldman - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Man Biden bout to blow a 3-1 lead like the LAClippers 😂😂😂😂 NBA Clippers Vote Vote BidenHarris2020 Why should I believe you. 95% of your tweets are ant-Trump. If Joe Biden will be elected – God have mercy on us
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Trump wants more stimulus checks, but Republicans don't back more spending - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Unless it’s to bail out zombie corps that lay-off workers and buy back stock. 𝗡𝗼𝘄 𝗶 𝗯𝗲𝗹𝗶𝗲𝘃𝗲 𝗶𝗻 𝗯𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗳𝘁𝗲𝗿 𝘄𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝗶𝗻𝗴 $5,500 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝘁𝗵𝗲 𝗵𝗲𝗹𝗽 𝗼𝗳 𝗼𝗳 𝗠𝗿𝘀 𝗥𝗮𝗰𝗵𝗮𝗲𝗹 𝗶 𝗿𝗲𝗮𝗹𝗹𝘆 𝗮𝗽𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗲 𝗮𝗹𝗹 𝘆𝗼𝘂𝗿 𝗲𝗳𝗳𝗼𝗿𝘁 𝗮𝗻𝗱 𝘁𝗵𝗮𝗻𝗸𝘀 trader_conin_fx
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Nancy Pelosi says Democrats are holding out for bigger stimulus agreement from Trump - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. A sustainable stimulus with recurring payments is what will save us and restore our economy. Anything less is political games played by politicians with the people being mere tokens. BasicIncome now please, because the people matter to the economy. UBI UBI2020 That’s why she should be impeached.
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