From: John Conover <email@example.com>
Subject: Re: Household debt at an all-time high. Head for the hills!
Date: 4 Aug 1999 03:14:41 -0000
Dan Christensen writes: > > Edward Flaherty wrote in message <37A6F451.F57EE5C0@cofc.edu>... > >The Fed's Flow of Funds accounts show that for the 4th quarter > >of 1998, household debt was at an all-time high of $3.8 trillion > >in 1987 dollars, up 7.1% from 1997. > > > >Fortunately, household assets are also at an all-time high, $26.4 > >trillion, up 8.2% from 1997. Tangible assets were up 5.1% and > >financial assets were up 9.6%. > > Do you know how many households are in a precarious debt position -- > however you define that? And how many would be vulnerable to a stock market > "correction?" (Sorry, I couldn't read the document to which you referred.) > The numbers I have seen say that somewhat over 60% of US households are invested in equities. There is a distribution of wealth at: http://cher.eda.doc.gov/BudgetFY97/index.html albeit two years dated, so you can define "precarious debt position" however you wish. John -- John Conover, firstname.lastname@example.org, http://www.johncon.com/