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Net Worth |
Also found in: Financial, Wikipedia, Hutchinson | 0.02 sec. |
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The difference between total assets and liabilities; the sum total of the assets of an individual or business minus the total amount owed to creditors. The net worth of a corporation is ordinarily determined by subtracting the liabilities from the assets, or by adding the capital account to the surplus account, as shown in the balance sheet of the company. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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In fact, the typical black household had less than one-quarter the net wealth of the typical non-black American household--$15,500 compared to $71,700. Noting that "in Canada, the rich families continue to get richer, and poor families continue to get poorer" the report says that between 1984 and 1999 the average net wealth of the top 20 percent of couples with children increased by 43 percent while income of middle income families grew only by 3 percent. Anderson concluded the average American household has net financial assets of $1,000 and net wealth of $35,000. |
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