Household wealth up, debt growth slows
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The net wealth of U.S. households   rose in the second quarter but domestic debt grew at the   slowest pace since the first quarter of 2002 as household   mortgage and business debt growth moderated, the Federal   Reserve said on Tuesday.
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The U.S. economy is showing signs of  faster growth, according to reports released on Monday on the  Midwestern and New York City economies and U.S. personal  income.
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The enormous wealth gap between white families and blacks and Hispanics grew larger after the most recent recession, a private analysis of government data finds.
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US personal incomes rose 1.5 percent in the second quarter of 2004, the fastest pace of growth in more than three years as income gains sped up in 33 states, the Commerce Department said on Tuesday.
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While the U.S. economy continued to  grow in late July and August, growth slowed in several regions  as household spending softened, the Federal Reserve said on  Wednesday.
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The net wealth of U.S. households rose to $55.63 trillion in the fourth quarter of 2006, and domestic debt grew at a faster rate than in the third quarter, a Federal Reserve report showed on Thursday.
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The U.S. economy grew at a stronger  pace than expected in the final quarter of 2006 without raising  inflation pressures, government data showed on Wednesday, as  robust consumer spending more than offset the biggest slump in  housing in 15 years.
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Robust consumer spending on cars,  furniture and food in the third quarter helped the U.S.   economy advance more quickly than first thought, a government  report showed on Tuesday, while underlying inflation was the  tamest in decades.
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Earnings from Countrywide Financial prompted concerns that the subprime loan problem is slowing growth in the U.S. economy.
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U.S. personal incomes rose 1.5  percent in the second quarter of 2004, the fastest pace of  growth in more than three years as income gains sped up in 33  states, the Commerce Department said on Tuesday.
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U.S. personal incomes rose 1.5 percent in the second quarter of 2004, the fastest pace of growth in more than three years as income gains sped up in 33 states, the Commerce Department said on Tuesday.
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WASHINGTON -- The economy grew at a 2.9 percent annual rate in the spring _ better than first estimated but nowhere near the brisk pace logged in the winter, another sign of slowing business growth. Inflation marched higher.
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Homeowners increased their mortgage borrowing by almost $600 billion in the last quarter of 2006, an annual pace of 6.4 percent.
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Economic growth has been easing, but consumers keep spending with ease â as long as homes arenât on their shopping lists.
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The US economy grew faster than expected in the last quarter of 2006, lifted by consumer spending.
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Delinquencies and foreclosures among homeowners with weak credit moved higher in the first quarter.
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U.S. incomes rose much more sharply than expected in January, while spending and core consumer price growth also outpaced forecasts, a government report showed on Thursday.