(Bloomberg) -- The ratio of American households' net worth to inflation-adjusted disposable income jumped to a record 6.5 at the end of 2016, reflecting higher stock prices and property values, according to Federal Reserve data. Previous records were set around the Internet-driven stock bubble of the late 1990s and the housing boom of the mid-2000s. “Economic and financial history do not always repeat, but sometimes they do,” Joe Carson, an economist at AllianceBernstein, said in a note.
To contact the reporters on this story: Shobhana Chandra in Washington at schandra1@bloomberg.net, Jordan Yadoo in Washington at jyadoo@bloomberg.net.
To contact the editors responsible for this story: Scott Lanman at slanman@bloomberg.net, Vince Golle, Nancy Moran
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