Household Debt, Net Worth on the Rise -- What Does It Mean?
Meanwhile household net worth rose 3.8% in the fourth quarter, for a 13.8% year-over-year increase.
The economic implications of these increases are unclear. Rising household debt could signal increased consumer confidence and willingness to spend, but it could also indicate an increased need to borrow to maintain spending levels in face of anemic personal-income growth.
Likewise, the net-worth increase has ambiguous implications.Asymptosis.com. At the time of publication, the author held no positions in any of the stocks mentioned. This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts