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December 11, 2017
WASHINGTON (AP) Surging stock prices and steady increases in home values powered American household wealth to $96.9 trillion this fall, The Federal Reserve said. The gains, however, aren’t widely shared.
U.S. wealth has made a remarkable comeback since the recession, when it plummeted more than $10 trillion to $56.2 trillion. The figures aren’t adjusted for inflation or population growth, nor is it broken out by income levels.
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