61 trillion!Create the biggest decline in history

High debt, the stock market falls, the biggest decline in the history of American family wealth creates history

According to Reuters on the 10th, a recent report released by the Federal Reserve showed that due to the far decline in the stock market exceeding the increase in real estate, the second quarter of American family wealth continued to decline by $ 6.1 trillion, the largest decline in history. The decline in the stock market has been far over the increase in real estate, which is why the wealth of American families has fallen sharply.

This is the second quarter of the continuous decline in American family wealth. The Federal Reserve National Asset Lores statement shows that at the end of March this year, American family wealth was US $ 14.99 trillion, a decrease of US $ 4.4 trillion from the $ 15.03 trillion at the end of 2021. As of 6 as of 6, as of 6 At the end of the month, the wealth of American families fell a huge decline to $ 14.38 trillion.

The cause of the sharp decline in family wealth has begun to start at the end of last year. According to the US CNBC report, the strong stock market and real estate appreciation in 2021 allowed the US family wealth in the fourth quarter of the year to exceed $ 150 trillion. But the growth of households, enterprises and government debt was also followed. In 2021, family non -financial liabilities were $ 17.7 trillion, enterprise non -financial liabilities were US $ 18.5 trillion, and government non -financial liabilities were US $ 28.6 trillion. In terms of family liabilities, the growth of 6.9%of consumer credit and the surge of 8%of mortgage loans have caused family liabilities to increase by 8%year -on -year in 2021, and the increase in family wealth data in the first quarter of 2022 will not be optimistic.

As the Fed increases interest rates in response to inflation, the overall economic growth is facing greater pressure. According to Reuters, in the second quarter of this year, due to the surge in inflation and the decline in investor confidence, the Standard Purcera 500 index appeared for the first time since March 2020, and the development situation of the US stock market was severe. In addition, according to the US CNBC news, due to the rise in the interest rate of mortgage loans and the intensification of inflation, the housing demand in the United States has declined sharply in June, and house prices have been forced to cool down. 5.1%, Seattle's house prices fell 30,000 US dollars, a decrease of 3.8%. However, the Federal Reserve data shows that the year -on -year growth rate of family debt fell from 8.3%in the first quarter of this year to 7.4%, slowing down.

Global Times reporter Wang Jialin

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