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FBN’s Rich Edson asks whether Americans actually feel like they have recovered in terms of household wealth.
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Almost five years since the height of the financial crisis Americans have any -- gain the sixteen -- in dollars and household wealth that we lost during our session.
That's according to the Fed but do most Americans actually feel that way -- -- in Washington and I don't find their -- Yeah are we back that's the question we ask some folks first off let's take a look at it household wealth we're just about where we -- At the start of the recession 67 point four trillion dollars.
Back in 07 today it's 66 trillion dollars household debt beginning to increase October of 07 -- thirteen point six trillion.
And today at twelve point eight trillion showing that perhaps folks are taking on more debt and spending more -- as for how folks -- I would.
Talk some of them on the streets of Washington DC and it.
Really depends.
There isn't there a sense of panic that there -- But people are still losing their jobs and they're still -- fair amount of uncertainty in the market place and amongst my friends and family.
Things are great play it -- not hurting and I don't think most people either.
Just keep in mind we talk to folks in Washington DC were based in DC it's been much better here than it has been around the country.
Also one other caveat a lot of that -- this caught up in people's houses in people's 401 case take a look at the median home price here.
In December of 07 -- more than 200000 dollars falling to a low.
Last January at 154 back up now to 173.
Six and you also look at what are people's 401K showing that money's locked up the Dow back about where we were five years ago the S&P -- where we were about five years ago.
So perhaps the feeling that we're beginning to get our way back -- job numbers today but still.
Twelve million folks unemployed.
Thank you the average we spend so much money just to get -- here are right hand that fed might contradict if if you would think we each below we are only started.
Clinton got that and that's -- -- -- especially with equities you look at the balance sheet trillions of dollars -- Federal Reserve's involvement in equity market so.
Again there's a reason -- that we're here and there's a debate in Washington whether we should be better off for not in Washington is still well.
Fairly gridlock when it comes to budgeting spending and taxes -- that.
Headsets and -- get thank you -- -- -- -- -- -- -- -- --
