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Joe Sixpack’s Situation in 4Q2016: The Average Joe Is Better Off

Friday, March 10, 2017 5:09
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(Before It's News)

Written by Steven Hansen

The Federal Reserve data release (Z.1 Flow of Funds) – which provides insight into the finances of the average household – shows a modest improvement in average household net worth. Our modeled “Joe Sixpack” – who owns a house and has a job, and essentially no other asset – is better off than he was last quarter.

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