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

  • Niall J. Gannon
Chapter

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%.

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© The Author(s) 2019

Authors and Affiliations

  • Niall J. Gannon
    • 1
  1. 1.The Gannon GroupSt. LouisUSA

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