Huge Surge in Household Net Worth

Yes, it's fake net worth. Unless you want to downgrade massively you can't access it with current mortgage rates at 8% or something. You need somewhere to live.

Meanwhile investment accounts have been punished and real income has fallen. I guess you can find numbers to fit a narrative if you look hard enough.

 

Real income levels aren’t as bad as you think.

 

You’d think with household net worth surging that Americans would be in a good mood …

 

If conservatives left the country the mood would be great. Conversely if liberals left, same improvement. People just feel combative.