I think we might have actually missed some crucial data! I'm just looking through more of the tables in the federal reserve. The 190 trillion in assets isn't even all the assets in the U.S.
I think we might have actually missed some crucial data! I'm just looking through more of the tables in the federal reserve. The 190 trillion in assets isn't even all the assets in the U.S.
it does seem to suggest that the net wealth is close to 160T, so I don't know... seems odd to me, unless the 61.9/28.1 trillion for Corporate and Non Corporate business is already reflected within the household amounts...
I think we might have actually missed some crucial data! I'm just looking through more of the tables in the federal reserve. The 190 trillion in assets isn't even all the assets in the U.S.
https://www.federalreserve.gov/releases/z1/20250313/html/default.htm
B.101 Balance Sheet of Households and Nonprofit Organizations
https://www.federalreserve.gov/releases/z1/20250313/html/b101.htm
(This shows the 190 trillion from the wealth clock as of 2024Q4)
But then there are the following 2 additional tables
B.103 Balance Sheet of Nonfinancial Corporate Business
https://www.federalreserve.gov/releases/z1/20250313/html/b103.htm
61.9 trillion as of 2024Q4
B.104 Balance Sheet of Nonfinancial Noncorporate Business
https://www.federalreserve.gov/releases/z1/20250313/html/b104.htm
28.1 trillion as of 2024Q4
That means that the total assets is actually 280 trillion and the net assets is not 160T but more like 250T (when you subtract debt held by the fed)
The weird thing is that in this table
B.1 Derivation of U.S. Net Wealth
https://www.federalreserve.gov/releases/z1/20250313/html/b1.htm
it does seem to suggest that the net wealth is close to 160T, so I don't know... seems odd to me, unless the 61.9/28.1 trillion for Corporate and Non Corporate business is already reflected within the household amounts...