US Household Net Worth Climbs to Record on Home Values, Stocks

Real estate values increased $1.75 trillion in second quarter
Business, consumer debt outstanding grew at a slower pace

The value of real estate held by households climbed about $1.75 trillion, the most in a year, while the value of equity holdings rose about $662 billion. — The value of real estate held by households climbed about $1.75 trillion, the most in a year, while the value of equity holdings rose about $662 billion.
Photographer: Nathan Howard/Bloomberg

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By Vince Golle

September 12, 2024 at 4:24 PM UTC

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US household wealth reached a fresh record in the second quarter, fueled by a steady rise in the value of real estate and Americans’ stock holdings.

Household net worth increased $2.76 trillion, or 1.7% from the prior quarter, to $163.8 trillion, a Federal Reserve report showed Thursday. The value of real estate held by households climbed about $1.75 trillion, the most in a year, while the value of equity holdings rose about $662 billion.