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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: bart13 who wrote (76510)12/23/2006 5:14:39 PM
From: russwinter  Read Replies (1) of 110194
 
The links to both are on my initial post. Z1 defines financial assets broadly, with stocks and mutual funds making up a fourth of it. EPI has a table 5.1 that should simplify it.

Net worth:
Top 1%: 34.3%
Next 9%: 36.9%
Bottom 90%: 28.7%

Net Financial assets:
Top 1%: 42.2%
Next 9%: 38.7%
Bottom 90%: 19.1%

More of the bottom 90% assets are in real estate, so the housing slump is really hurting them. The top 10%'s real estate exposure have probably been offset by the stock market rally.

Table 5.15 showing household debt service is for 2004, and is dated as it doesn't show the big entrapment of the subprimes and peak buyers and refiers in 2004-2006. Table 5.16 again is for 2004, shows 27.0% of lowest quintile with high debt burden ratios over 40%, and of course that's now understated and dated for today's set-up.
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