Americans are flush in liquidity - Thanks Joe!

[BackAgain]

This was a well researched OP. I did throw in the thanks Biden if that’s what you call trolling. With all the doomsday threads I thought some balance was in order. We’ll see but you guys have t been right in 3 years.

Coherency much?

 

[Billiejeens]

Bad news, home equity is NOT liquid, retirement accounts are NOT liquid. As for personal savings, most of America doesn't agree with you...dumbass.

MSN

Hard to sell your home for enough to get that equity because Interest rates are high, and credit is tight.

Equity won't buy food, gas, presents for the kids or grandkids, -

It is simply ridiculous that these Democrat Cultists either don't know better or don't care.

 

[Billiejeens]

This was a well researched OP. I did throw in the thanks Biden if that’s what you call trolling. With all the doomsday threads I thought some balance was in order. We’ll see but you guys have t been right in 3 years.

Researched - was not the word that you should have used.

 

[citygator]

Way to go, House Republicans!!!

Woo hoo! MTG doesn’t agree.

 

[otto105]

Can you post the real income numbers to actually refute his statement.


Or not

 

[hadit]

Woo hoo! MTG doesn’t agree.

Not my candidate, not my problem.

 

[Thinker101]

Hard to sell your home for enough to get that equity because Interest rates are high, and credit is tight.

Equity won't buy food, gas, presents for the kids or grandkids, -

It is simply ridiculous that these Democrat Cultists either don't know better or don't care.

If someone does sell their house, if they want to use that "equity", what now, buy a tent? Rent an apartment? Chances are, an apartment will cost more per month then they were paying on the house.

 

[John Edgar Slow Horses]

LMAO

HOUSEHOLD DEBT​

U.S. Consumer Debt Climbs to $17.3 Trillion​

Infographic: U.S. Consumer Debt Climbs to $17.3 Trillion

This chart shows the total household debt balance in the United States.

www.statista.com

.

People are ltao at you for being a dunce.

You don't even know what that consumer debt means.

 

[OKTexas]

People are ltao at you for being a dunce.

You don't even know what that consumer debt means.

Yep, the kind I don't have. Credit cards, store cards, auto loans, personal loans ect. Don't get me wrong, I use cash back credit cards, but I pay them in full every month. I don't pay any interest or fees, they pay me.

.

 

[John Edgar Slow Horses]

Yep, the kind I don't have. Credit cards, store cards, auto loans, personal loans ect. Don't get me wrong, I use cash back credit cards, but I pay them in full every month. I don't pay any interest or fees, they pay me.

I am sure someone in your family taught you that, and good for them. We have been that way since 1998. Make them pay you interest.

 

[ThisIsMe]

As a percent to disposable income they are near lows. Disposable income is basically after tax.

View attachment 944174

Disposable income is after taxes and expenses. Money to be saved or spent as one wishes.

 

[OKTexas]

I am sure someone in your family taught you that, and good for them. We have been that way since 1998. Make them pay you interest.

Nope, I learned the hard way. Unfortunately too many people never learn that lesson. And your apology is accepted.

.

 

[John Edgar Slow Horses]

Nope, I learned the hard way. Unfortunately too many people never learn that lesson. And your apology is accepted.

.

As is yours.

 

[scruffy]

How about America of the 1990’s, when college was affordable and actually worth the price. When people could actually buy a house without putting themselves in debt for half a century?

You mean when Clinton was president?

lol

(wink)

 

[scruffy]

LMAO

HOUSEHOLD DEBT​

U.S. Consumer Debt Climbs to $17.3 Trillion​

Infographic: U.S. Consumer Debt Climbs to $17.3 Trillion

This chart shows the total household debt balance in the United States.

www.statista.com

.

Same old shit from the leftards.

Piss on your leg and tell you it's raining.

 

[scruffy]

People are ltao at you for being a dunce.

You don't even know what that consumer debt means.

Oh look, Kreskin is back.

 

[theHawk]

You mean when Clinton was president?

lol

(wink)

With a Republican Congress.

But neither party was batshit crazy at the time. But the decline did start thanks to BJ Clinton’s policies.

 

[scruffy]

With a Republican Congress.

But neither party was batshit crazy at the time. But the decline did start thanks to BJ Clinton’s policies.

Billy meant well. Hillary didn't.

 

[otto105]

Same old shit from the leftards.

Piss on your leg and tell you it's raining.

Hilarious

Considering we’re a customer economy of the middle class.

 

[The Duke]

Americans are flush with liquidity.

Home equity is at record levels and consumers are in their least levered situation in history. According to the February 2024 ICE Mortgage Monitor report, the average homeowner currently has about $299,000 in home equity, about $193,000 of which is tappable home equity.

The American consumer is so liquid right now that we could be in an economic growth cycle for the next decade Although predicting outcomes is difficult due to external factors.

In addition to home equity, bank accounts are record highs as are retirement saving.

To Recap:

• $32T is a record amount of home equity
• $38T is a record for retirement accounts
• $5.5T is a record in personal savings
• Real (inflation adjusted) incomes are record levels excluding the Covid period.

It is a great time to be alive! Thanks Biden!

Households; Owners' Equity in Real Estate, Level

Graph and download economic data for Households; Owners' Equity in Real Estate, Level (OEHRENWBSHNO) from Q4 1945 to Q4 2023 about net worth, balance sheet, nonprofit organizations, equity, real estate, Net, households, and USA.

fred.stlouisfed.org

View attachment 943939

Households; Owners' Equity in Real Estate as a Percentage of Household Real Estate, Level

Graph and download economic data for Households; Owners' Equity in Real Estate as a Percentage of Household Real Estate, Level (HOEREPHRE) from Q4 1945 to Q4 2023 about equity, real estate, percent, households, and USA.

fred.stlouisfed.org

View attachment 943941

View attachment 943948

https://www.ici.org/print/pdf/node/836811