Economics
Household Wealth Increases in U.S. as Stock Prices Advance
This article is for subscribers only.
Household wealth in the U.S. climbed in the second quarter, reflecting stock-market gains that are mostly benefiting upper-income Americans.
Net worth for households and non-profit groups increased by $1.39 trillion from April through June, or 1.7 percent from the previous three months, to $81.5 trillion, the Federal Reserve’s financial accounts report showed today in Washington.