US Household Net Worth Rebounds in Second Quarter on Stock Rally
Single-family homes in a residential neighborhood in Aldie, Virginia.
Photographer: Nathan Howard/BloombergUS household net worth rebounded in the second quarter as stock prices climbed to a fresh high.
Household net worth jumped $7.1 trillion, or 4.2%, from the prior quarter to $176.3 trillion, a Federal Reserve report showed Thursday. The value of Americans’ equity holdings rose $5.5 trillion, and the value of real estate also climbed.