American wealth

According to the latest stats Americans' wealth grew 2.2% in the July-September as stock portfolios surged.

Meantime, the report from the Federal Reserve shows that household net worth rose to nearly $55 trillion, even though the value of real estate holdings sank 3.7%.

This can be hardly matched to the pre-recession peak of $66 trillion but it is still far above bottom hit during the recession: $49 trillion in the first quarter of 2009.