In the third quarter of 2010, household net worth increased $1.2 trillion to $54.9 trillion. As the economy continues to look up so does household wealth, or the difference between the value of a household’s total assets and total liabilities. Consumer spending is up and corporate profits continue to exceed analyst expectations. Thanks to signs of a recovering economy, projections for the coming year indicate continued economic growth. Take a closer look at The Financial State of the American Household:

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