Mar
09
U.S. Household Wealth Rose $2.04 Trillion in Fourth Quarter
ByHousehold wealth in the U.S. continued to increase in the fourth quarter as financial assets and real-estate values appreciated, figures from the Federal Reserve’s financial accounts reports, previously known as the Flow of Funds, showed Thursday.
Key Points
- Net worth for households and non-profit groups rose by $2.04 trillion, or 2.3 percent, to a record $92.81 trillion from the prior three months
- Value of financial assets, including stocks and pension-fund holdings, rose $1.59 trillion
- Household real-estate assets climbed by $499.1 billion; owner’s equity as a share of total real-estate holdings increased to 57.8 percent from 57.1 percent…
U.S. Household Wealth Rose $2.04 Trillion in Fourth Quarter
