[FoRK] Re: Really scary graph of the day

Dave Long dl at silcom.com
Tue Feb 10 11:58:35 PST 2004



> That
> puts to picture a broad impression that
> consumers, homeowners, businesses, and
> governments are all up to the gills in debt.

How was that calculated?

I'm under the impression that US
net worth is around $30T, with a
further $10T of debt, and GDP is
also around $10T.

If total debt were 300% of GDP,
then it would be up around $30T,
which would be really scary.

Consumer debt shouldn't be more
than $2T, so it should be under
$18k/household, and judging by
the census figures, "only" one
sixth of all US households are
currently underwater.

-Dave

:: :: ::

US 2000 Net Worth, Household, $k

<  0 #####

  20 #######
  40 ###
  60 #@
  80 ##
 100 #
 120 |

  oo ####O########

# : ~3000 households
@ : median hh. net worth, $55k
O : mean hh. net worth, $180k

"Table 4.  Percent Distribution of Household Net Worth, by Amount of Net Worth and Selected Characteristics:  2000 (Excludes group quarters.)"
<http://www.census.gov/hhes/www/wealth/1998_2000/wlth00-4.html>


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