US Household Net Worth Increased in Fourth Quarter on Stock Values
- Gain of nearly $3 trillion was largest in year, Fed data show
- Value of equity holdings rose $2.7 trillion in fourth quarter
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US household net worth increased in the fourth quarter as a gain in the value of equity holdings more than offset weakness in real estate.
Household net worth climbed nearly $3 trillion, or 2%, in the October-December period to $147.7 trillion after declining the previous two quarters, a Federal Reserve report showed Thursday. That was the biggest advance of the year.