U.S. Household Wealth-to-Income Ratio Jumps to a Record: Chart

(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 s, 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.