Friday, June 11, 2010

Quarterly Stats

Lots of statistics came out this week, looking back to the first quarter of 2010 for some key macroeconomic figures. Let's just throw some out there:

* Household wealth increased by over a trillion dollars in the first quarter of '10. That's a gain of 2.1 percent. It was the fourth consecutive quarterly gain.

* But the value of the nation's real estate investments dropped by $26.8 billion. American home values fell by an average of 0.4 percent.

* Personal spending grew by 3.5 percent in the first quarter. That's the highest such number in three years.

* Household debt fell by 2.4 percent, the seventh consecutive quarter in which it declined.

* But the federal government's debt grew by a whopping 18.5 percent.

* And the debt of state and local government combined grew by 4.3 percent, the fifth straight quarterly increase.

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