The Growth of American Wealth: Its Impact on the Average Household Compared with the Forbes 400

Niall J. Gannon
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Niall J. Gannon: The Gannon Group

Chapter 4 in Tailored Wealth Management, 2019, pp 25-34 from Springer

Abstract: Abstract American households and non-profit organizations had a total net worth of nearly $100 trillion in net assets (after deducting $15.4 trillion in total liabilities including home mortgages) at year end 2017. While much has been written about the stagnating or under-performing wealth of the average family, viewing total household wealth paints a brighter picture than viewing any sub-component of society. When we studied the progress of US household wealth back to 1952, the annualized growth rate was 6.82%.

Date: 2019
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DOI: 10.1007/978-3-319-99780-3_4

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