US Household Net Worth Rose to Record in 2023 on Stock Holdings
- Net worth rose 8% in 2023 to $156 trillion, Fed report shows
- Business debt climbed 2.2% last year, the least since 2010
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Household wealth in the US increased to a record last year as investors reaped the benefits of a surging stock market and higher home values.
Net worth increased $11.6 trillion from 2022, or 8%, to $156.2 trillion, a report from the Federal Reserve showed Thursday. The value of equities held directly and indirectly climbed about $7.8 trillion from a year earlier, while the value of real estate rose nearly $2 trillion.