The Value of Everything

The Federal Reserve calculates the value of Assets in the USA  (Table B – 100 )

Assets

Real-estate                 18   trillion

Pensions                     13   trillion

Family businesses      6.2 trillion

Deposits in banks      7.9 trillion

Corporate Equity       8.5 trillion

Mutual Funds                        4.7 trillion

Durables                    4.6 trillion

Treasury bonds         1   trillion

Corporate bonds       1.9 trillion

Life insurance            1.3 trillion

Other                          2 trillion

Total                           70 trillion

Liabilities

Mortgages                  10 trillion

Credit                                      2.5 trillion

Loans                          1.4 trillion

Total                           13 trillion

Net worth                  56 trillion

Federal debt              14 trillion

State debt                  3 trillion

Human Capital  = national income(gdp) / (int- growth rate) 

                               = 13 trillion / (.05/.03)

                               = 260 trillion

Conclusion -  Suzy Orman is right.  People should come first, money second. Increasing the value of human capital through education, a social safety net, healthcare, a higher minimum wage will increase wealth more than investing in things.