U.S. Household Wealth Is Experiencing An Unsustainable Bubble
The comments below are an edited and abridged synopsis of an article by Jesse Columbo
Since the Great Recession in 2009, America has experienced one of the most powerful household wealth booms in its history. Household wealth has ballooned by approximately $46 trillion (83%) to an all-time high of $100.8 trillion.
While most people welcome and applaud a wealth boom like this, research shows that it is actually another dangerous bubble that is similar to the US housing bubble of the mid-2000s. Columbo explains why America’s wealth boom is artificial and heading for a devastating bust.