US Household Net Worth Climbed to Record at End of 2024
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US household wealth climbed to a fresh record in the fourth quarter as Americans benefited from a historic market rally that followed President Donald Trump’s election.
Household net worth increased $164 billion, or 0.1% from the prior quarter, to $169 trillion, a Federal Reserve report showed Thursday. The value of Americans’ equity holdings rose nearly $264 billion. The overall gain was restrained by a decline in the value of real estate.