In the previous article, Nan Sheng shared with you the total assets of American residents in 2021 - from US$140.6 trillion in 2020 to US$159.13 trillion in 2021 (as shown below), a nominal increase of 13.18% compared with the same period last year.
U.S. residents' assets are mainly financial assets
Category, the total amount of "financial assets" including cash, deposits, and various types of stocks, funds, bonds held by residents has increased from US$101.52 trillion in 2020 to US$113.73 trillion in 2021, with a nominal increase of approximately 12%.
The "non-financial assets" held by American residents - including housing, automobiles and other types of durable consumer goods. The total amount has increased significantly from US$39.08 trillion in 2020 to US$45.4 trillion in 2021, with a year-on-year growth rate of 16.18%.
Resident assets both have increased by more than 10%, which shows that the US economy has indeed seen a significant increase in 2021, especially the various large-scale incentives adopted have effectively offset the "impact and squeeze of the new crown epidemic on the wealth of American residents."
"non-financial assets" growth rate far exceeds that of "financial assets", and has a growth advantage of 4 percentage points, which indirectly tells us: inflation drives the appreciation of physical assets and has become an important way to drive the wealth of American residents. This year, this driving effect will be more obvious.
With assets, how much debt do American residents have?
From the perspective of debt ownership, there is a debt that belongs to the central government - the nearly 31 trillion US dollars of US debt , which is directly responsible for the U.S. federal government. There are also debts borne by local governments at all levels, corporate debts of enterprises, non-profit organizations and residents' debts borne by the resident department.
Federal public information shows that non-profit organizations have debts raised to $1.985 trillion in 2021. Total residents' liabilities rose to $17.44 trillion, a nominal increase of only 7.6% compared with $16.21 trillion in the same period last year.
In 2021, all parts of the United States are actively resuming production and work, and various service departments including hotels, catering, transportation, entertainment, and leisure have achieved different degrees of increase. However, the aftermath of the impact of the epidemic is still there, and consumer spending of American residents is still suppressed to a certain extent.
thus causes the increase in residents' debt to only slightly exceed half of the total asset growth. Coupled with the large-scale incentives implemented by the US authorities, measures such as issuing large subsidies to unemployed residents have driven the total wealth of American residents to a record high.
Next is a simple math problem: use 159.13 trillion US dollars of total assets to reduce 17.44 trillion US dollars of debt, and the total net assets of residents obtained are 141.69 trillion US dollars. Based on the year-end population of 332.4 million, the per capita net worth is US$426,300.
How much income will American residents be in 2021?
assets are stocks and accumulated values over the years, not what American residents earn in this single year in 2021. So how much money did American residents make in 2021, and how much is the ratio with the GDP created by American residents?
The U.S. Department of Labor has recently made this answer public-the average pre-tax income of US resident households in 2021 is $87,432, and the average after-tax tax revenue is $78,743 (as shown below). The average number of people per household is 2.4, resulting in an average per capita after-tax income of US$32,800.
In 2021, the nominal GDP created by the whole American society was around 23 trillion US dollars. Based on the year-end population of 332.4 million, the per capita GDP of is 69,200 US dollars - the average after-tax income of residents, which is about 47.4% of the per capita GDP. Calculated before tax, accounting for 52.6%. This article is compiled and written by [Nan Sheng]. Please do not reprint or plagiarize without authorization!
