Americans' Net Worth Falls

Americans' net worth receded as stock-market wealth declined, while anxious consumers continued to avoid debt in the second quarter.

Sections:  news   u.s.   business   
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • Stocks surge to new highs after hiring climbs
    A big gain in the job market is lifting the stock market to new milestones. The Dow Jones industrial average crossed 15,000 for the first time early Friday, and the Standard and Poor's 500 index, a broader market measure, broke through 1,600 for the first time. More
  • Empire State Building IPO clears NY legal hurdle
    A legal challenge to an ambitious plan to let the public buy shares in one of New York City's most famous landmarks — the Empire State Building — was cast aside on Tuesday in a ruling by a Manhattan judge. More
  • Consumers' shift to older iPhones raises concerns on Wall Street
    So many consumers are opting to buy older iPhone models that some analysts wonder whether Apple has lost its ability to create new versions that dazzle. How strange to think that Vicki Macchiavello's decision to buy an iPhone after years of using a BlackBerry could be bad news for Apple. More
  • Google searches predict market moves
    As the search volume on generic terms such as "debt", "portfolio" and "stocks" fell, the Dow Jones average tended to go up - and vice versa. An investment strategy based on these search volume data between 2004 and 2011 would have made a profit of 326%. More
  • Child tax credit: Biden stimulus plan could give parents $300 a month per child
    Democratic lawmakers are currently working on a plan that could expand the child tax credit to send recurring monthly payments to adults with children, one report says.
    01/22/2021 - 11:54 am | View Link
  • Layin’ it on the Line: 4 personal finance concepts to help you focus on the essentials
    Finding the right financial plan can be very confusing. There are over 17,600 personal finance blogs and millions of money websites on the internet. With few exceptions, these sites offer advice ...
    01/21/2021 - 11:42 pm | View Link
  • The ESOP Association Looks Forward to Working with the Biden Administration and the 117th Congress
    The ESOP Association looks forward to working with President Joe Biden and his incoming Administration to make employee ownership available to the vast majority of privately employed Americans. The ...
    01/20/2021 - 10:45 am | View Link
  • Here's the average net worth of people under 35
    Net worth (your assets minus debts) tends to increase as you age and grow in your career. CNBC Select breaks down the average net worth of 20-somethings.
    01/19/2021 - 12:43 pm | View Link
  • Here's How Americans Are Spending Their Stimulus Payments
    Disclaimer | Commerce Policy | Made In NYC | Stock quotes by The U.S. government recently sent out its second round of stimulus payments worth up to $600 per qualified person.
    01/17/2021 - 6:10 am | View Link
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