Household Leverage Ratios By Wealth Distribution
We are just starting play with the wealth distribution data and will have much more coming your way. What we have seen so far is shocking.
The distribution of wealth has deteriorated so significantly over the past 20 years and is now so skewed to top that average U.S. household wealth is close to $1 million, though the median household wealth is only around $70k.
Note the relative leverage ratio of the bottom 50 percent. For several quarters after the GFC the bottom 50 percent were technically insolvent, where debt to assets was greater than 100 percent. Puts the political debate around debt forgiveness in perspective.
Stay tuned for some shocking data.
Source: https://global-macro-monitor.com/2019/09/10/household-leverage-ratios-by-wealth-distribution/
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