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Americans’ Net Worth Rising
Americans regained more of their depleted wealth in the 4Q, as the budding economic recovery gave stock portfolios a shot in the arm, but the gain was less than in the previous two quarters. The Federal Reserve reported that household net worth grew 1.3% in the 4Q to $54.2 trillion, following a stronger 4.5% jump in the 2Q and an even faster 5.5% surge in the 3Q. Net worth is the value of assets such as homes, checking accounts and investments minus debts like mortgages and credit cards. Yet, even with the gains, Americans' net worth would have to rise an additional 21% just to get back to its pre-recession peak of $65.9 trillion – underscoring the decline in wealth that followed the economy’s collapse in September 2008. Economists hope that as wealth and financial conditions slowly recover, consumer spending will rise along with it. But, if consumers remain too frugal, the economic recovery could flounder.
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Date Last Updated: 03/17/2010
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Charter Capital services many industries. Here are just a few of the industries for which we are currently providing business financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get financing with Freight Factoring from Charter Capital. We purchase your Freight Invoices
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing business with unlimited payroll funding, whether you're a start up or a multi-million dollar temp-staffing agency. Our clients provide staffing for various industries including Professional, Office Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared to gain your share with a FactorLine business financing facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor, packaging company, or any business that invoices to credit worthy customers, then a FactorLine financing facility from Charter Capital can accommodate the working capital funding needs of both new
manufacturing businesses as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology consulting businesses and staffing firms are great candidates for our FactorLine accounts receivable financing service, enabling you to increase your cash flow without the need for bank loans. We are always adding new industries and will consider factoring service providers in any industry.
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