They're sprouting up all over these days:
Household wealth in the U.S. climbed in the fourth quarter to the highest level in five years, propelled by a gain in home prices that is helping repair family finances.Net worth for households and non-profit groups increased by $1.17 trillion from October through December, or 1.8 percent from the previous three months, to $66.1 trillion, the Federal Reserve said today from Washington in its flow of funds report. It was the highest since the fourth quarter of 2007.
Meanwhile, family finances.
Meanwhile too, household wealth:
This year the number of homeless people sleeping each night in the New York City shelter system surpassed 50,000 people for the first time since modern homelessness emerged three decades ago. That grim milestone includes more than 21,000 homeless children. More children and adults are homeless now in New York City than at any time since the Great Depression.
But entitlement reform needs to be on the table because deficits. Glad that's settled!
---Baron V
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