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.