Distribution of Wealth by Age
Net Worth of America, by Comparison to Other Big Numbers
We can compare a few other economic numbers to the $ 58 trillion in household wealth, which provides a yardstick for seeing the significance of other big numbers.
- United States' externally held ("publicly held") debt is about 12 trillion dollars. Including government debt held by other government agencies (representing the Social Security trust fund), the total US federal debt is about $ 16 trillion, or 27 percent of our total net worth.
- The total value of publically traded stocks, representing the market value of all major companies in America, was about $ 12 trillion in 2010, or about 20% of household wealth. Total market value of all stocks today is about $ 16 trillion.
- The United States currently has a negative net international investment position. Foreign interests hold a net $ 2 trillion dollars of American wealth, greater than the assets which Americans own overseas.
- The United States money supply (M2) is about $ 10.4 trillion. This measure of money supply has increased from about $ 7.7 trillion in late 2008, and increase of $ 2.7 trillion. The increased money supply is largely a result of the Federal Reserve program termed “quantitative easing”.
- The Wall Street Journal recently published an article by Republicans Chris Cox and Bill Archer, which claimed that unfunded liabilities for Social Security and Medicare are accruing at a rate of $ 7 trillion per year. According to Cox and Archer, unfunded liabilities for these programs now total about $ 87 trillion. If correct, the unfunded liabilities of these programs befitting senior citizens greatly exceed the total net worth of all households in America.