US Household Net Worth Rises to Record as Stocks Keep Climbing
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US household wealth reached a fresh record to kick off 2024, powered by another jump in the value of Americans’ stock holdings.
Household net worth climbed $5.1 trillion, or 3.3%, in the first quarter to $160.8 trillion, a Federal Reserve report showed Friday. The value of equity holdings increased about $3.8 trillion, while the value of real estate held by households rose about $900 billion to a record high.