Net worth dropped to $104.3 trillion as the year came to an end, a slide of $3.73 trillion, according to figures released Thursday by the Fed.
Americans' net worth fell at the highest level since the financial crisis in the fourth quarter of 2018 as sliding stock market prices ate into the household balance sheet.
Much of the slide came due to Wall Street's woes, as the stock market suffered a precipitous decline that started in October and briefly reached bear market status. Equities skidded as investors began to fear that the Fed would keep raising interest rates even as economic conditions began to deteriorate.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
A Chinese billionaire is the richest self-made woman in the world. Here's how she went from making $16 a month in a factory to controlling a $9.4 billion real estate empireWu Yajun started out making $16 a month in a factory. She's now the richest self-made woman, according to Forbes.
Baca lebih lajut »
U.S. Democrats unveil legislation to reinstate net neutrality rulesDemocrats in Congress unveiled a bill on Wednesday to reinstate net neutrality r...
Baca lebih lajut »
U.S. Democrats unveil legislation to reinstate net neutrality rulesThe bill mirrors an effort last year to reverse the FCC's December 2017 order repealing landmark rules approved in 2015 that barred internet providers from blocking or slowing content or offering paid 'fast lanes.' 'It is a fight that we can win,' said Senator Ed Markey, a bill
Baca lebih lajut »
U.S. cuts 2019 farm income forecast but still projects growthThe U.S. Department of Agriculture (USDA) dropped its net farm income forecast f...
Baca lebih lajut »
US Senator McSally says she was raped by a senior officer in US Air ForceRepublican Arizona Senator McSally, who is the first female air force fighter pilot in the US military, made the disclosure at a Senate hearing on the military's efforts to prevent sexual assaults and improve the response when they occur.
Baca lebih lajut »
Analysis | The Cybersecurity 202: U.S. officials: It’s China hacking that keeps us up at nightRussia hacking has Washington spooked. But security officials say China is the biggest long term threat.
Baca lebih lajut »
U.S.-UK relationship will prosper after Brexit - U.S. ambassadorBritain's relationship with the United States is more important than ever a...
Baca lebih lajut »
U.S. looking at new sanctions against Venezuela: U.S. officialThe United States is considering imposing new sanctions on Venezuela to increase...
Baca lebih lajut »