In response to Monday’s sizable market downturn, on top of last week’s stink up, I submit the following, courtesy of Scott Grannis’ Friday June 21st submission:
- Household debt is at historically low levels
- U.S. Household net worth has reached an all-time high, due to increased savings and investments
- Per Capita net worth is at an all-time high
Please don’t get twisted about the current state of affairs or the market’s short term reaction to them. Keep your long term financial plan on track, leave it just the way it is.