Good News: “U.S. Household Wealth Rises $1.7 Trillion to Another Record”

  • Net worth for households and non-profit groups rose by $1.7t q/q, or 1.8%, to $96.2t, according to Fed’s financial accounts report, previously known as flow of funds survey
  • Value of financial assets, including stocks and pension fund holdings, increased by $1.2t
  • Household debt increased at a 3.7% annual rate in the second quarter
  • Household real-estate assets rose by $508b; owners’ equity as share of total real-estate holdings up to 58.4% from 57.9%

https://www.bloomberg.com/news/articles/2017-09-21/u-s-household-wealth-increases-1-7-trillion-to-a-fresh-record

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