Amazing!

GFBrandenburg's Blog

I just looked it up: The total amount of wealth (after debts) of all US households, individuals, and non-profits is right now in the neighborhood of $100 TRILLION. (The WSJ said $85 trillion, two years ago). Yes, you read that right, not 100 million, not 100 billion, but a hundred trilliondollars.

Are you impressed? It gets better! — or, at least, it could.

If we could somehow wave a magic wand and divide all that wealth equally among all 125 million US million households (source here for that #) well, after you cross out all those zeroes (or subtract exponents), then each and every single household would NET just about eight hundred thousand dollars.

$800,000 bucks for every single household.

Think about that!

A very large fraction of the population is in fact basically penniless – or they owe way more than they can earn in a…

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