Average household net worth, net financial assets, and net tangible assets, 1965–2012 (2011 dollars)
*Financial assets minus nonmortgage debt
**Housing and consumer durables minus home mortgages
Note: Data are quarterly and extend from the first quarter of 1965 to the first quarter of 2012. Shaded areas denote recessions.
Source: Authors' analysis of Federal Reserve Board Flow of Funds Accounts and Current Population Survey/Housing Vacancy Survey, Historical Tables (Table 7)
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