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Household Wealth in U.S. Rose in Second Quarter on Real Estate

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Household wealth in the U.S. climbed in the second quarter, a sign consumers will help growth in the world’s largest economy.

Net worth for households and non-profit groups increased by $694.8 billion from April through June, or 0.8 percent from the previous three months, to $85.7 trillion, the Federal Reserve said Friday from Washington in its financial accounts report, previously known as the flow of funds report.