Household net worth in U.S. hits record on surging home values
Household net worth in U.S. hits record on surging home values
Household net worth increased by $5.8 trillion, or 4.3%, to $141.7 trillion in the second quarter, a Federal Reserve report out Thursday showed. (iStockphoto)
By Reade Pickert | Bloomberg
U.S. household net worth surged to a fresh record in the second quarter as Americans enjoyed an ebullient stock market and the largest-ever increase in the value of their real estate holdings.
Household net…
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