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December 12, 2014

Americans' wealth slips in 3Q as stock values fall

WASHINGTON (AP) — Americans' net worth slipped in the July-September quarter as shrinking stock portfolios overwhelmed a solid gain in home values.

U.S. household wealth declined 0.2 percent in the third quarter to $81.3 trillion, the Federal Reserve said Thursday. Americans' stock and mutual fund portfolios shrank $700 billion. The value of their homes increased $245 billion.


 
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