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

In: Tailored Wealth Management

Author

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  • Niall J. Gannon

    (The Gannon Group)

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%.

Suggested Citation

  • Niall J. Gannon, 2019. "The Growth of American Wealth: Its Impact on the Average Household Compared with the Forbes 400," Springer Books, in: Tailored Wealth Management, chapter 4, pages 25-34, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-99780-3_4
    DOI: 10.1007/978-3-319-99780-3_4
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