Household Wealth in U.S. Increases as Home Values Appreciate
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Household wealth in the U.S. climbed in the first quarter, helped by labor market improvement and gains in the stock and residential real estate markets that are giving balance sheets a lift.
Net worth for households and non-profit groups increased by $1.49 trillion from January through March, or 1.9 percent from the previous three months, to $81.8 trillion, the Federal Reserve said today from Washington in its flow of funds report.