Thursday, December 08, 2011
Q3 Flow of Funds: Household Net Worth declines $2.4 Trillion in Q3
by CalculatedRisk on 12/08/2011 12:01:00 PM
The Federal Reserve released the Q3 2011 Flow of Funds report today:
Flow of Funds.
The Fed estimated that household net worth declined $2.4 trillion in Q3. Household net worth peaked at $66.8 trillion in Q2 2007, and then net worth fell to $50.4 trillion in Q1 2009 (a loss of $16.4 trillion). Household net worth was at $57.4 trillion in Q3 2011 (up $7.0 trillion from the trough, but down $2.4 trillion in Q3).